VAT Refresher part 1: Indirect Taxes In 2024 - Traditional Wisdom May Not Be A Wise Guide
Duration: 2 hours
Price: R195.00
This is part of a series
Read more about seriesOf 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 video 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 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 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.
On completion of the video you will: