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Basic VAT and Rule of Court Seminar
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Will focus on creating a better understanding of general VAT principles aimed at increasing a delegate's working knowledge in the day-to-day administration and accounting of VAT.

2012/07/05
When: 2012/07/05
08:30 - 16:30 (Registration from 08:00)
Where: KPMG Crescent Auditorium
85 Empire Road
Parktown, Gauteng 
South Africa
Contact: Moniqua Janse Van Vuuren


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Basic VAT and Rule of Court Seminar

Course content:

Basic VAT Principles:
Will focus on creating a better understanding of general VAT principles aimed at increasing a delegate's working knowledge in the day-to-day administration and accounting of VAT.

This will include focussing on general VAT rules, documentary requirements, imports, exports and common VAT problems.

VAT Walkthrough by Rule of Court:
Will focus on various important and technical aspects of VAT law. These aspects will be discussed with reference to specific SA (and some non-SA) tax cases heard on the subjects. The discussion will assist in crystallising some of the principles applied in respect of VAT.

  1. General VAT Rules
    What is VAT, VAT principles, VAT registration, accounting basis, tax periods, input tax, output tax, deemed supplies, zero rated and exempt supplies, time & value rules
  2. Documentary Requirements
    Tax invoices, debit notes, credit notes, copy tax invoices, price labels and quotations
  3. Adjustments
    Trade discounts, returned goods, settlement of prompt payment discounts, confidential discounts, bad debts
  4. Imports
    Importation of goods, value of supply, time of supply, importation of services
  5. Exports
    Goods, services
  6. Common VAT Problems
    Bad debts, outstanding debts, entertainment, etc.

Introduction to SA VAT & Court Precedents to:
  1. VAT registration, enterprise, person
  2. Supplies as central to VAT (including a look at payment, deposits, promissory notes)
  3. Time of supply rules
  4. Value of supply rules
  5. VAT rate
  6. Input tax deductions
  7. VAT inclusive / exclusive
  8. Discounts
  9. Imported services
  10. Exports (goods and services)

Who should attend

Tax practitioners, small business owners, Advisors, Auditors, Accountants, Tax consultants, Tax advisers, Tax specialists, Bookkeepers, Academics company directors, Budding entrepreneurs and anyone involved in small business management.

About the presenter

  • Ferdie Schneider - Director, Indirect Tax, KPMG
  • Johan Heydenrych Director - Indirect Tax & TMS, KPMG
  • Roxanna Popescu - Senior Manager, Indirect Tax, KPMG
  • Christo Augustyn - Senior Manager, Indirect Tax, KPMG
  • Pierre Moolman - Senior Consultant, Indirect Tax, KPMG

CPD:

Your attendance will also give you 4 valuable hours of CPD for Morning or afternoon sessions and 8 valuable hours for full day session.

Registration:

Click here to register

 

WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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