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2017 Webinar: Difficult VAT Export Issues: Indirect Exports of Goods and Cross-Border Services
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2017-07-04
When: 4 July 2017
From 09:00 until 11:00
Where: Online webinar
South Africa
Contact: Thabelo Raivhogo
0129410400

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Overview

SARS is increasingly enforcing the letter of the law, and collects tax, penalties and interest vigorously. This approach is enforced despite the fact that there are instances where there was no apparent loss to the fiscus.

Certain supplies must, by law, be charged at 0% VAT, and poses a significant risk to the supplying VAT vendor because where, in SARS’ view, the zero rate is applied incorrectly or the documentary requirements are not followed to the letter, SARS will assess the supplying vendor for 14% VAT and demand payment with interest, penalties, and possibly understatement penalties ranging between 0% and 200% (likely 25%).

By attending this webinar, participants will gain an understanding of the VAT rules to comply with in order to levy VAT at 0% in respect of the typical zero-rated supplies of goods or services. The session will also address why it is necessary to differentiate between exempt and zero-rated supplies on a VAT201 return and how to mitigate a client’s exposure to penalties.


Course Content

  • Why differentiate between exempt & zero rated supplies on your VAT201 return?
  • SARS’ approach to zero rated supplies
  • Zero rated goods & documentary requirements: Direct & indirect exports
  • Zero rated services & documentary requirements: Grants/transfer payments, services physically rendered outside South Africa, sales of going concerns and certain services rendered to non-residents
  • If time permits, the needs of the participants attending the session will determine whether we will continue to discuss how to mitigate exposures and/or whether we will discuss other zero rated goods and/or services

Presenter

Pierre Moolman CV

Pierre Moolman joined KPMG in 2012. He is currently assigned as senior manager of indirect tax where his prime responsibilities include performing indirect tax reviews and consulting with clients to provide opinions on the indirect tax consequences of their businesses. Pierre’s main areas of specialisation include VAT reviews, consulting, representing clients at SARS, savings assignments, due diligence and assurance reviews.

Pierre consults to various large corporations across a number of economic sectors. As a member of the SAICA VAT Committee, he also presents VAT and short-term insurance seminars and workshops to a broad range of industries, including a workshop at Unisa and several presentations to the Bachelor of Accounting Science in Taxation postgraduate students at Wits University.

Prior to joining KPMG, Pierre was in the employ of SARS for 14 years, during which time he was involved in performing tax-related audits with a focus on the major tax types (including VAT, income tax and employees’ tax).


CPD

This event and successful completion of the online assessment will secure 4 hours verifiable output CPD points/units. Including the following professional bodies: SAICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA, ICBA, IAC, AAT


Event Investment

This dedicated CPD webinar will be presented on 4 July 2017 from 09:00 - 11.00

Member: R370.00

Non-member: R450.00

Company Price: R850.00

Click here to register for the Webinar


Payments & Cancellations

  • All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.

  • Kindly note that should payment not been received 2 days after the event, legal action will be taken

  • Proof of payment will be requested at registration, if payment at that point in time has not been reflected on SAIT's bank account.

  • Only written notice of cancellation will be recognised.

  • Conditions:

    • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.

    • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.

  • Delegates who book and fail to attend will be liable for the full event fee.

  • SAIT's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.

  • Please click here for the full terms and conditions.

 

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