Overview

This webinar provides a practical unpacking of VAT Binding General Ruling 16 (Issue 3), which introduces a significant shift from the previous turnover-based apportionment method. The updated BGR resolves many long-standing areas of confusion and uncertainty in practice and includes important guidance on the apportionment of VAT in financial institutions—an area known for its complexity.

To cater for members both inside and outside the financial services sector, the webinar is delivered in two sessions.

• Session 1 focuses on general apportionment principles applicable to all businesses.
• Session 2 explores apportionment considerations specifically affecting the financial services industry.

Participants who do not work with financial-sector VAT complexities may opt to attend only Session 1. This webinar aims to strengthen your understanding and practical application of apportionment rules to support accurate VAT compliance in this specialised area.

Webinar Content

Session 1

• The body of law
• Principles of attribution
• General apportionment rules
• Specific exclusions
• Specific categories of adjustments (non-financial services related)

Session 2

• Interest received
• Trading in financial assets
• Profit shares from joint ventures

Competencies Developed

• Understand the legislative framework in the VAT Act governing the apportionment of input tax.
• Apply the apportionment framework correctly in practice.
• Perform the annual apportionment percentage calculation accurately.
• Compute and declare the annual apportionment adjustment correctly in the VAT return.
• Meet SARS’ annual disclosure requirements.
• Apply the transitional rules with accuracy.

Presenter

Christo Theron

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

Christo is a recognised specialist in the field of indirect taxes. As a technical expert, he is responsible for overseeing the quality of all VAT as well as Customs and Excise opinions issued by TradeTaxPlus.

He is a Chartered Accountant and holds a Master’s Degree in Taxation from the University of Pretoria.

Christo serves as the chairperson of the SAICA VAT Committee and presents most of SAICA’s VAT seminars. He previously presented all VAT seminars for LexisNexis.

He has been involved in UNISA’s Advanced Course in VAT for many years, contributing significantly to developing the programme into one of South Africa’s leading educational tools. He continues to present 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 Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

• Regular price: R230.00
• 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.