Accommodation: Tax & VAT Course
What you’ll learn
- RENTAL INCOME = Tax: AirBnB type set up, Permissable Expenses
- ACCOMMODATION = VAT: All Inclusive Charge, Accommodation (Commercial, Residential, Exempt, Student, etc)
- FRINGE BENEFITS = Tax and VAT: Calculating the Fringe Benefit Value of accommodation
- IRP5 and IT3 Certificates – Source Codes Bursaries / Tuition Fees Independent Contractors Salary Sacrifice Medical Aid Rebates Retirement / Pension / Provident
Whether accommodation is provided to employees or clients, it becomes a complex matter when dealing with Tax or VAT.
This course wishes to explore these specific transactions and provide some insight on how to approach each specific case. We will delve into the intricacies of tax laws and VAT regulations as they pertain to accommodation services, offering practical guidance and real-world examples to enhance understanding.
Participants will gain a comprehensive understanding of the tax implications of providing accommodation, whether as a benefit to employees or as a service to clients. Through case studies and interactive sessions, attendees will learn how to navigate the complexities of tax and VAT, ensuring compliance and minimizing the risk of errors.
Topics Discussed:
RENTAL INCOME = Tax
AirBnB type set up
Holiday home rented out – company owned holiday home / individual owned holiday home
renting a section of your home / asset, e.g. a room or a garden flat
Permissable Expenses
Expenses NOT allowed
Ring-Fencing of assessed losses
ACCOMMODATION = VAT
All Inclusive Charge
Commercial Accommodation
Residential Accommodation
Exempt Accommodation
Student Accommodation
Student Provided Accommodation
FRINGE BENEFITS = Tax and VAT
Calculating the Fringe Benefit Value of accommodation
The Presenter:
Ruzel van Jaarsveld
Ruzel has over 26 years financial and bookkeeping experience, working with many industries and corporate environments, with extensive knowledge and practical application of trial balance, payroll, VAT, PAYE returns, Inventory control, Management Accounts, E-filing and Procedures of Importing and Exporting.
Ruzel is a seasoned appointed facilitator with Biz Facility, and for numerous years has been presenting various national practical financial workshops to business owners and corporate financial staff.
Who this course is for:
- Accountants
- Managers
- Financial Staff
- Business Owners
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