In order to claim the input tax credit (ITC) the following conditions must be satisfied:
- Recipient must be a taxable person and must be registered for VAT
- VAT on the purchase must have been correctly charged by the supplier
- The goods or services have been acquired for an eligible purpose
- Recipient must receive and retain a tax invoice evidencing the transaction
- The amount of VAT which the recipient seeks to recover must have been paid in whole or in part, or intended to be paid in whole or in part
- Certain incurred ITC specifically blocked from being recoverable regardless of whether the above conditions have been met
