2018 - Annual PAYE & VAT Update
Overview
2018 has seen important legislative changes that affect the work of every accounting/ bookkeeping practitioner.
SARS is now very tough with defaulters and the CIPC is also following suit. It is vital that you keep up-to-date with all tax law and administrative changes
so as to avoid getting caught on the wrong side of the law where you may incur unnecessary penalties or even face imprisonment.
This webinar specifically focuses on 2018 amendments to PAYE and VAT as published in administrative notices, compliance notices, court rulings and other notices from CIPC, SARS and the courts.
Course content
The following topics will be covered in detail during the event:
- The new VAT rate and inclusions to the zero-rated list.
- How to address VAT adjustments made for debit and credit notes.
- How to address VAT adjustments made for bad debts and face value.
- How to deal with a material error in an original tax invoice.
- SARS activation of understatement penalties for the failure to submit tax returns.
- Changes to the taxable fringe benefits regime.
- Changes to employer returns.
- Tax Administration Act changes to provisional tax and normal tax.
- Taxable benefits and non-executive directors.
- Claiming refunds on erroneous payment by a taxpayer.
- Deduction of interest repaid to SARS.
- Furnishing and obtainment of Employees’ Tax Certificates.
- Retirement annuity fund contributions to be allocated in relation to the taxable income from sources within and outside the RSA.
