VAT objections and refunds – Let the process work for you
Duration: 2 hours
Price: R195.00
VAT objections and refunds – Let the process work for you
Presenters : Christo Theron
Overview
This video explores the critical knowledge and skills required to obtain VAT refunds and navigate the objection and appeal process where necessary. Understanding and adhering to the legally prescribed procedures and disclosure requirements is essential—non-compliance may, and often does, result in the rejection of objections.
The session also covers the various categories of assessments under the Tax Administration Act, along with the appropriate procedures to object to each type.
By attending, participants will gain valuable tools and insights to ensure VAT refunds are effectively managed and taxpayer rights are protected throughout the objection and appeal process.
Video Content
1. Introduction
2. Refunds
- When is a refund payable to a taxpayer?
- What recourse does a taxpayer have if a refund is delayed?
- When is interest payable by SARS on a delayed refund?
3. Interest Payable to SARS
- When is interest payable to SARS?
- When may such interest be waived?
4. Objections and Appeals
- Categories of assessments
- Categories of objections and other forms of recourse
- The objection and appeal process
- Timeframes for lodging objections and appeals
- Content requirements for objections and appeals
- Timeframes within which SARS must respond
Competencies Developed
Upon completion of this video, participants will have developed the following competencies:
1. Technical Competencies
- Understand the legal framework governing VAT refunds.
- Understand the principles relating to interest imposed and paid by SARS.
- Understand the legal basis on which assessments are issued.
- Understand the process and legal requirements for lodging objections and appeals.
2. Operational Competencies
- Apply for interest payable and request the waiver of imposed interest.
- Prepare and lodge valid objections in compliance with the Tax Administration Act.