Overview

Of all the taxes levied in South Africa, VAT (Value-Added Tax) is the one form of tax collection that impacts every individual in the country. Everyone pays VAT at some point in their lifetime which makes it one of the most important collection mechanisms available to SARS.

For this reason, it is imperative that tax practitioners and accountants regularly refresh their technical and practical knowledge of the subject, enabling them to keep clients compliant, mitigate risk, and optimise business cash flow.

In this two-part webinar series, VAT expert, Christo Theron, will walk participants through the theoretical and practical aspects of VAT and Customs, bringing old memories back to life.

Session 1 (14 May 2024) sets the stage by revisiting persistent challenges faced by tax practitioners, including disputes with SARS. It addresses registration obligations, deregistration consequences, and the crucial role of proper documentation in preventing conflicts with tax authorities.

Building upon this foundation, Session 2 (20 May 2024) delves deeper into the complexities of VAT and Customs matters, serving as a sequel to the initial discussion. It will focus on areas prone to practical challenges and disputes with SARS, often highlighted in frequently asked questions.

Specifically, the session elaborates on Customs procedures and navigates through input tax intricacies, including non-deductible input tax and apportionment, drawing insights from recent rulings and case law.

By attending these sessions, participants gain not only an understanding of the subject matter but also a practical framework to address these issues independently, thereby enhancing their self-sufficiency in tax compliance matters.

Session 1 - 14 May 2024

Webinar Content

• VAT Registration:
  • Compulsory & Voluntary Registration
  • Suppliers of Electronic Services
  • Deregistration
• Customs Procedures:
  • Home Use Procedure
  • Warehousing Procedure
• Documentation:
  • Tax Invoices: General & Electronic Services
  • Debit & Credit Notes
  • Customs Documentation

Competencies Developed

On completion of the webinar you will:

• Have gained an understanding and working knowledge of the two most commonly used Customs Procedures i.e. Home Use and the Warehousing Procedure.
• Have gained an understanding of the challenges experienced in registration as a VAT vendor and which will assist you to deal with SARS where disputes arise with regards to voluntary, compulsory or registration as a supplier of electronic services.
• Have revisited and be able to understand the importance of documentation in VAT compliance with specific reference to tax invoices, credit notes, debit notes and the link to Customs documentation.
• In summary, the webinar will be aimed at providing you with key competencies to ensure that day-to-day compliance with Customs and VAT requirements are appropriately managed and risks are timeously detected and remedied.

Session 2 - 20 May 2024

Webinar Content 

• VAT Compliance:
  • Input tax
  • Non-deductible input tax
  • Apportionment
  • Agents and Principals
  • Commercial and Residential Accommodation
• Customs and Excise:
  • The Export Procedure
  • Temporary Admission Procedure

Competencies Developed

On completion of the webinar you will:

• Have gained further knowledge and understanding of commonly used Customs procedures and their application and impact on businesses. Specifically we shall be dealing with the Export Procedure and the Temporary Admission procedure.
• Have developed competencies to identify deductible and non-deductible input tax, and recent developments in apportionment of input tax.
• Have developed detailed knowledge and tools to treat and implement agent and principal relationships and ensure that they are managed appropriately.
• Have obtained detailed knowledge and the ability to distinguish between commercial and residential accommodation and the treatment of each, which currently consistently result in dispute with SARS.
• In summary, the webinar is aimed at providing you with key knowledge and competencies to ensure that day-to-day compliance with Customs and VAT requirements are appropriately managed and risks are timeously detected and remedied.

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 4 hours of Tax CPD.

Event Investment

Webinar presented over 2 dates - 14 May 2024 (part 1) and 20 May 2024 (part 2): 

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: R595.00 (part 1 and 2)
• SAIT member special discounted rate: R475.00 (part 1 and 2)
• 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.