VAT on Municipalities

****Please note that this course is based on South African Tax****

The purpose of this course is to provide guidance and clarity on the VAT treatment of supplies made by municipalities that are registered as VAT vendors. As municipalities are treated, as far as possible, as ordinary VAT vendors with effect from 1 July 2006, the general VAT rules as set out in the VAT 404 – Guide for Vendors are applicable.

Content Discussed:

Chapter 1 Introduction

• Scope of topics covered

Chapter 2 Definitions and concepts

• Accounting basis

• Time and value of supply

• Enterprise

• Carrying on an enterprise

• Non-enterprise activities

• Registration

• Municipality

• Municipal Entity

• Municipal Rate

• Supply

• Taxable supply

• Exempt supply

• Output Tax

• Input Tax

• Adjustments

• Grant

• Municipal Standard Chart of Accounts

Chapter 3 Agent vs. principal

• Legal principles of agency

• Tax invoices, credit notes and debit notes

• Application of agency principles

• Principal

• Agent 13

• Both principal and agent

Chapter 4 Types of supplies

• Taxable supplies

• Standard-rated supplies

• Zero-rated supplies

• Flat rate charge for single supply of goods and/or services

• Exempt supplies

• Other non-taxable supplies and receipts

• Deemed supplies arising from grants

• Introduction

• Grants to municipalities

• Grants made by municipalities

• Overview of the Municipal Standard Chart of Accounts

Chapter 5 Input tax

• Direct attribution vs. apportionment

• Direct attribution

• Apportionment methodology

• Accounting basis

• Denial of input tax

• Entertainment

• Motor cars

Chapter 6 Adjustments

• Change in use from wholly or partially taxable purpose to wholly non-taxable purpose

• Change in use from non-taxable purposes to taxable purposes

• Change in extent of taxable use of capital goods or services

Chapter 7 Miscellaneous matters

• Metro Police

• Assignment of functions, agency services and unfunded mandates

• Payments to suppliers on behalf of grantees

• Municipal entities

• Water Boards

• Foreign donor funded projects

• Integrated Rapid Public Transport Network

• Rulings

All Included:

• Video presented course

• Downloadable course material

• Certificate of training

• SAIT Accredited – 9 verifiable CPD points

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About the Presenter:

Ruzel van Jaarsveld

She has over 23 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.

She 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:

• Financial staff
• Business owners
• Managers
• Anyone who wants to learn