Fundamentals of VAT: Ouput Tax

  • Basic introduction to VAT:
    • The basic VAT calculation
    • Registration as a VAT vendor
    • Invoice vs payment basis of accounting for VAT
    • Overview of types of supplies
  • Overview of when a vendor is liable for VAT (including the definitions of ‘enterprise’, ‘supply’, ‘goods’ & ‘services’)
  • Consideration and value of a supply (including the VAT treatment of donations and deposits)
  • Value & time of supply
  • Overview of zero- rated and exempt supplies
  • Deeming provisions, including:
    • Fringe benefits
    • Indemnity payments
  • Debit and credit notes
  • Other output tax adjustments

We work through many practical, day-to-day transactions that a debtor’s clerk would encounter, and will apply VAT principles covered to each transaction.

The webinar will contribute to 2 hours CPD/CPE.


R632.50 (inclusive of VAT) / R550 (exclusive of VAT)