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E-Business Tax (MOSC)

Recoverable Percentage varies based on Asset Category

Aug 27, 2013 11:16PM edited Aug 28, 2013 12:26AM in E-Business Tax (MOSC) 1 commentAnswered

In my scenario, the VAT 12% has different recoverable percentage based on the Asset being procured.

For example:

Car and Jeep - 0% Recoverable

Luxury Pickup - 0% Recoverable

Other Pickups - 50% Recoverable

All other Assets - 100% Recoverable

How to go about with the Tax Setup considering this scenario?

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