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2016 KPMG: Basic VAT Principles
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2016/11/09
When: 09 November 2016
From 08:30 until 16:00 (08:30 – 09:00 Breakfast and registrations)
Where: KPMG Johannesburg
1 Albany Road
Parktown
Johannesburg, Gauteng 
South Africa
Contact: Thabelo Raivhogo
012 941 0417


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KPMG: Basic VAT Principles Training

Transforming Data into Value

Overview


The 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 focussing on general VAT rules, documentary requirements, adjustments, imports, exports and common issues including the IT14SD and the Tax Administration Act. 


Course Content
  • 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
  • Documentary Requirements
  • Invoices; Debit notes; Credit note; Copy invoices; Price labels and Quotations, with emphasis on the latest SARS rulings
  • Adjustments
  • Trade discounts; Return goods; Settlement of prompt payment discounts; Confidential discounts; Bad debts
  • Imports
  • Importation of goods; Value of supply; Time of supply; Importation of services, with emphasis on documentary requirements
  • Exports
  • Goods and services, with emphasis on documentary requirements
  • Common Issues
  • Agent/Principal relationships; Bad debts; Outstanding debts; Entertainment etc.

Programme

08:30 - 09:00  Breakfast & Registration
09:00 - 10:30

 Welcome  

 General Rules  

 Documentary Requirements

10:30 - 10:45  Tea Break
10:45 - 12:30

 Adjustments  

 TAA and IT14SD

12:30- 13:30  Lunch
13:30 - 14:30

 Imports  

 Exports

14:30- 14:45  Tea Break
 14:45- 16:00

 Common Issues  

 Global Trends

Presenter

Andre Meyburgh

 

Head of Indirect Tax, KPMG SA, Tax and Legal 

 

Pierre Moolman

Senior Tax Manager: Indirect Tax, KPMG SA, Tax and Legal 


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

Cost: R2 500 per delegate (incl. of VAT)

This seminar does not form part of the CPD subscription package
Seminar notes will be handed out at the venue 

Click here to register

 

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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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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