VAT: SARS focus areas

  • Author: Karen van Wyk
  • Level: Advanced
  • Study time: 1 hours
  • Live CPD event
    2 December (08:00 - 09:00)
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Course overview
VAT vendors often deal with VAT verifications and audits. In this live CPD event, we will discuss the areas that are typically scrutinised by SARS during such a VAT verification or audit and what the VAT vendor should do to ensure compliance and manage VAT risks.

In this webinar, we will cover the following topics:
  • The correct VAT treatment of bad debt and recovery of bad debt;
  • The correct VAT treatment of entertainment and when the VAT related to entertainment expenses will be claimable;
  • The correct VAT treatment of costs incurred in relation to motor vehicles;
  • The correct VAT treatment of insurance pay-outs;
  • When and how should VAT be apportioned;
  • How creditor balances outstanding for longer than 12 months should be treated;  and
  • How overpayment of debtors should be treated.

Join us for this webinar focusing on VAT "hot topics" in a verification or audit.

What's included?

  • 1 Live CPD event
  • 5 quiz questions
  • 1 Certificate of participation / completion

Update your tax knowledge

Within the SAICA competency framework, this course supports the following competencies:

Technical competencies: Compliance (Laws and Regulations)