Practical Guidance: Navigating your Way Through VAT Refunds and Objections


Date: Jul 9, 2024 - Jul 9, 2024

CPD hours: 2 Hours

Time: 15:00 - 17:00

Event Type: Webinar

Presenter: Christo Theron
MTP(SA)

This webinar addresses the stumbling blocks hindering VAT refunds from being paid out and outlines the recourse available to taxpayers in cases of undue withholding of refunds.

Overview 

This webinar addresses the stumbling blocks hindering VAT refunds from being paid out, and outlines the recourse available to taxpayers in cases of undue withholding of refunds. It also covers the taxpayer’s right to receive interest on delayed refunds and explains the process for claiming any owed interest.

The second part of the webinar focuses on the objection and appeal process. Understanding this process is crucial because failure to adhere to the prescribed procedures and disclosure requirements may lead to the rejection of objections.

Additionally, we will discuss the various categories of assessments outlined in the Tax Administration Act and provide guidance on how to dispute each one. This webinar offers essential knowledge and tools to ensure that taxpayers' rights are safeguarded through the objection and appeal process.


Webinar Content

1. Refunds

a. When is a refund payable to a taxpayer?

b. What recourse does a taxpayer have if a refund is delayed?

c. When is interest payable by SARS on a delayed refund?

2. Interest Payable to SARS

a. When is interest payable to SARS?

b. When may interest payable to SARS be waived?

3. Objections and Appeals

a. Categories of assessments 

b. Categories of objections /other recourse

c. The objection and appeal process

  • Time frames for lodging objections and appeals.
  • Supporting document requirements for objections and appeals.
  • Time frames for SARS to address objections and appeals.

Competencies Developed

On completion of this webinar, you will be able to:

1. Technical Competencies 

1.1 Understand the legal framework within which the VAT refund system operates.

1.2 Understand the framework within which interest is imposed and paid by SARS.

2. Understand the legal framework within which assessments are issued, and objections and appeals are lodged

3. Operational Competencies:

3.1 Be able to apply for interest payable and to request waiver of interest imposed.

3.2 Be in a position to lodge an objection to an assessment that complies with the requirements of the Tax Administration Act.


Presenter

Christo Theron (CA(SA) H Dip Tax (Wits) M Com Tax (UP)

Christo is a recognized specialist in the field of indirect taxes. As a technical expert Christo is responsible for the quality of all VAT and Customs and Excise opinions issued by TradeTaxPlus.

Christo is a Chartered Accountant and holds a Masters Degree in Taxation at the University of Pretoria.

Christo is the chairperson of the SAICA VAT Committee. He also presents most of the SAICA VAT seminars. Previously be presented all the LexisNexis VAT seminars.

Christo has been involved in the Unisa Advanced Course in VAT for may years and have assisted to build the program as a leading educational tool in South Africa. He still presents the course.


CPD

Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of Tax CPD.


Event Investment

Free for Tax Technician, Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

  • Regular price: R460.00
  • SAIT member special discounted rate: R368.00
  • Group booking discounts available when you register for a group.

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 be received 2 days after the event, legal action will be taken
  • Proof of payment will be requested at registration, if payment does not reflect on Tax Faculty's bank account.
  • Cancellations:
    • Only written notice of cancellation will be recognized.
    • 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.
  • Tax Faculty`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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