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Basic VAT Principles - KPMG Crescent Auditorium
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This seminar 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 a focus on general VAT rules, documentary requirements, adjustments, imports, exports and common issues including the IT14SD and the Tax Administration Act.

2013/06/11
When: 2013/06/11
09:00 - 16:00 (Registration from 08:00)
Where: KPMG Crescent Auditorium
85 Empire Road
Parktown, Gauteng 
South Africa
Contact: Nadia Du Plessis


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BASIC VAT PRINCIPLES - FULL DAY SEMINAR

OVERVIEW:

This seminar 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 a focus on general VAT rules, documentary requirements, adjustments, imports, exports and common issues including the IT14SD and the Tax Administration Act.


COURSE CONTENT:

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 Issues
Bad debts, outstanding debts, entertainment, IT14SD, Tax Administration Act, etc

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.

CPD:

Your attendance will also give you 8 valuable hours for full day session.

EVENT INVESTMENT:

Basic VAT Principles: R2 500.00


PROUDLY BROUGHT TO YOU BY:

 

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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