Overview   

Understanding VAT is more than just about calculating figures; it’s about understanding the journey of goods and services through various stages and how these transactions are recorded.  

As a bookkeeper, you play a vital role in tracking these changes and ensuring that VAT is applied correctly at each stage. This involves a thorough understanding of VAT rates, valid invoicing for VAT, input and output VAT, as well as exemptions. Background knowledge of the VAT Act and the Tax Administration Act is also vital.  

Join Sydney Zizipa CGMA for a comprehensive discussion aimed at providing you with a solid foundation to manage VAT confidently and proficiently. 

Learning objectives  

By attending this webinar you will gain the following competencies: 

• Understanding VAT Legislation  

• Mastering VAT Calculations and VAT Reconciliations  

• Efficiently Submitting VAT 201 Returns  

• Managing VAT Periods and Deadlines  

• Recognising the Role of Bookkeepers in VAT Administration  

• Applying Specific VAT Rules    

Content 

The webinar will cover the following topics:  

• Overview of VAT Legislation  

o Introduction to the Value-Added Tax Act 89 of 1991  

o Role of SARS in VAT Administration  

o Key Amendments and Updates in VAT Legislation  

• Place, Time, and Value of Supplies  

o Place of Supply Rules  

o Time of Supply Regulations  

o Calculating the Value of Supply  

• VAT Registration  

o Criteria for Compulsory and Voluntary Registration  

o Registration Process and Requirements  

• VAT for Non-Residents  

o VAT Obligations for Foreign Entities  

o Special Provisions for Electronic Services  

• VAT Rates and Scope  

o Standard and Zero-rated Supplies  

o Exempt Supplies  

o Input and Output Tax Calculations  

• VAT Compliance  

o Tax Periods and Accounting Basis  

o Filing VAT Returns and Making Payments  

• VAT Refunds and Dispute Resolution 

o Claiming VAT Refunds  

o Handling Objections and Appeals   

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

About the presenter 

Sydney Zizipa CGMA 

Sydney Zizipa is a seasoned Chartered Management Accountant (CIMA Qualified) and CGMA, boasting a broad spectrum of expertise. His career spans multiple domains, including cost management, project management, commercial management, project accounting, project reporting, multicurrency financial reporting and foreign entity financial management.  

Sydney holds a Bachelor of Commerce in Accounting with Honors, CIMA, certification as a Certified SAP FI Solutions Consultant, and a Master of Business Leadership from UNISA Graduate School of Business Leadership. His academic excellence is underscored by his second-place ranking in South Africa during his final TOP CIMA exams in 2011. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Bookkeepers. 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Trainee accountants. 

Price             

• R 450.00 - Online admission - Individual. 

• Group Price 1 - From R184 per person (up to 5 users) 

• Group Price 2 - From R121 per person (up to 10 users) 

• Group Price 3 - From R109 per person (over 11 users) 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar. 

Corporate training solutions  

At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.  

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.  

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.    

Contact us  

  Have any questions or need any assistance? Contact us today!  

• Online chat through our website.  

• WhatsApp: Start chatting (+27635026114)  

• Phone: 010 593 0466  

• E-mail: [email protected]