WEBINAR
VAT Fundamentals Series
- PART 1 REGISTRATION CLOSED
- Date: 26 November 2024
- Time: 10:00 am - 11:30 am SA Time
- Platform: Zoom
- CPD Points: 1.5
- Price: R180
- PART 2 REGISTRATION IS CLOSED
- Date: 5 December 2024
- Time: 10:00 am - 11:30 am SA Time
- Platform: Zoom
- CPD Points: 1.5
- Price: R180
Bundle Part 1 & Part 2 and Only Pay R290
Get ready to boost your VAT know-how with our interactive VAT fundamentals series.
Join this series for the latest VAT updates, key amendments, and essential insights to boost your VAT know-how. Do not miss this chance to sharpen your VAT skills!
Why This Series is Essential:
- Stay Current: Gain insights into the latest VAT updates and amendments, ensuring you are informed about the changes that impact your practice.
- Enhance Client Support: Equip yourself with the knowledge needed to provide timely and accurate guidance to your clients on VAT matters, helping them navigate complex regulations confidently.
- Practical Applications: Learn how to apply new VAT regulations in real-world scenarios.
- Expert Guidance: Benefit from the expertise of seasoned presenters who will break down complex topics into easy-to-understand concepts.
REGISTRATION IS CLOSED
Presented in a classroom-style format, this series will cover:
PART 1
Review the overall VAT framework
• Key principles
VAT Registration
• Definition of “Enterprise” and why this is so important
• Who must register as a VAT Vendor (compulsory registration)
• Who may register as a VAT Vendor (voluntary registration)
Fundamentals of Output Tax
• Taxable Supplies
• Standard Rated Supplies
• Deemed Supplies
• Zero Rated Supplies
• Time and Value of supply rules
• Capitec Bank Limited v Commissioner for the South African Revenue Service [2024] ZACC
• Tax Invoices; Interpretation Note 83 (Issue 3, 30 September 2024) APPLICATION OF SECTIONS 20(7) AND 21(5)
Exempted Supplies
PART 2
Fundamentals of Input Tax
• Claiming Input Tax
• Second hand goods
• Apportionment
• Denial of Input VAT
• Interpretation Note 82 INPUT TAX ON MOTOR CARS
• Documentation requirements
• Interpretation Note 92 DOCUMENTARY PROOF PRESCRIBED BY THE COMMISSIONER
• Naraidu v The State (894/2023) [2024] ZASCA 139 (16 October 2024)
Submission of the return
Penalties and Interest
Assessment, objection and appeal
The relationship between VAT and Normal Tax (Income Tax Act No. 58 of 1962)
Looking forward: 2024 proposed amendments and commentary
Who should attend:
- Tax practitioners and tax consultants
- Accountants
- Auditors
- Bookkeepers
- Financial Managers
- Entrepreneurs and Small Business Owners