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Indirect Tax Summit
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2013 Indirect Tax Summit, Johannesburg

2013/11/12 to 2013/11/15
When: 2013/11/12 until the 2013/11/15
08:00 - 17:00
Where: The Focus rooms, 1st Floor South
Cnr Kikuyu and Leeuwkop Streets
Sunninghill
Sandton, Gauteng 
South Africa
Contact: Ingrid Erwee


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2nd Annual Africa Transfer Pricing Summit 2013

OVERVIEW:

Apportionment is simple in principle, but the application thereof can become fiendishly complicated in practice. Section 17(1) of the VAT Act states, seemingly straightforwardly, that where goods or services are acquired for a dual purpose, any VAT incurred thereon shall be input tax in the same ratio in which the goods or services acquired in the course of making taxable supplies bears to the total intended use of such goods or services. input tax. However, determining this ratio by using apportionment methodologies, and the obtaining of SARS approval of such method are often deeply challenging, as experience has amply demonstrated since the promulgation of the Act.

In this half-day technical workshop, André Meyburgh will unpack apportionment in extensive detail, and cover all of the most current and contentious issues.




COURSE CONTENT

  • Definition of "input tax" and Section 17 (1) of the VAT of 1991: a brief refresher
  • The two fundamental principles of apportionment
  • The concept of direct attribution and so-called corporate structure costs
  • The standard and varied Turnover-based methods and its strengths, weaknesses and limitations
  • Alternative methods to Turnover, and requirements to receive such rulings from SARS
  • When to consider and who should consider alternative methods (SARS VAT 404 Guide for Vendors)
  • Retrospectivity of apportionment methods
  • A comparison of South Africa's apportionment rules vs. those of some other countries
  • Relevant local and international case law on apportionment
  • The future of the apportionment rules in South Africa

BENEFITS OF ATTENDING:

  • Ensure you are complying with all the relevant provisions in the legislation
  • Get up to speed with everything you need to know about apportionment in a single, detailed session
  • Learn how to mitigate your VAT risks

WHO SHOULD ATTEND:
Organised by the Institute for International Research, in association with the South African Institute of Tax Practitioners, the inaugural Africa Indirect Tax Summit is a first of its kind in Africa. This event will provide a knowledge sharing and networking platform for everyone involved in indirect tax, including corporate tax managers (Group Tax Managers, CFOs, Indirect Tax Managers, etc.), regulators and revenue authority officials, tax advisors, lawyers and consultants.


EVENT INVESTMENT:


Price:Register before 27 September 2013Register between 28 September and 18 October 2013Register after 18 October 2013
All four days
R10 499
(+VAT @ 14%)
= R11 968.86
R11 499
(+VAT @ 14%)
= R13 108.86
R12 499
(+VAT @ 14%)
= R14 248.86
Conference plus workshop
R9 499
(+VAT @ 14%)
= R10 828.86
R10 499
(+VAT @ 14%)
= R11 968.86
R11 499
(+VAT @ 14%)
= R13 108.86
Conference only
R8 499
(+VAT @ 14%)
= R 9 688.86
R9 499
(+VAT @ 14%)
= R10 828.86
R10 499
(+VAT @ 14%)
= R11 968.86
Workshop Day Only
R3 999
(+VAT @ 14%)
= R 4 558.86
R4 499
(+VAT @ 14%)
= R5 128.86
R4 999
(+VAT @ 14%)
= R 5 698.86

 



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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