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VAT on Short-term Insurance - KPMG Crescent Auditorium
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The primary objective of this seminar is to create a better understanding of VAT in the short-term insurance industry. This will include focussing on the importance of VAT on insurance, value of sums insured, VAT rates on premiums and commissions, claims, VAT on bonuses and recoveries, various topical aspects and the latest SARS ruling.

2013/06/12
When: 2013/06/12
08:30 – 12:00 (Registration from 08:00)
Where: KPMG Crescent Auditorium
85 Empire Road
Parktown, Gauteng 
South Africa
Contact: Nadia Du Plessis


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VAT ON SHORT TERM INSURANCE - HALF DAY SEMINAR

OVERVIEW:

The primary objective of this seminar is to create a better understanding of VAT in the short-term insurance industry.

This will include focussing on the importance of VAT on insurance, value of sums insured, VAT rates on premiums and commissions, claims, VAT on bonuses and recoveries, various topical aspects and the latest SARS ruling.


COURSE CONTENT:

1. General Principles relating to VAT on Insurance
Technical concepts and definitions (including sections 1, 7(1)(a); 8(8); 16(3)(c); 11) Sums Insured, Premiums & Commissions, VAT rates, time and value rules, etc.

2. VAT treatment of Claims
Vendors, non-vendors, material, non-material, local, foreign (section 16(3)(c), etc)., own damage, third party damage.

3. General
VAT on bonuses, recoveries, peculiarities.


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 4 valuable hours of CPD for Morning or afternoon sessions.

EVENT INVESTMENT:

VAT on Short Term Insurance: R1 700.00


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.

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