Bismi Ta’la. Asalamulaikum Mufti Saheb
Please confirm the following:I earn interest on a loan account within a business that I no longer work for and the total loan is being repaid to me in 4 x 6-monthly instalment
Can it be used to offset the VAT paid on personal purchases made (i.e. food, furniture etc.) – the VAT is not recoverable from SARS.