From 1 April 2019, you will have to pay VAT on a much wider scope of electronic services (that is, digital content supplied by electronic means). The Updated Regulations now include any services that qualify as “electronic services” (other than a few exceptions) whether supplied directly by the non-resident business or via an “intermediary”.
The intention of the Updated Regulations is to substantially widen the scope of services that qualify as electronic services, so that all services supplied for a consideration (subject to a few exceptions), which are provided by means of an electronic agent, electronic communication or the internet, are electronic services and must be charged with VAT at the standard rate.
Join us for this very insightful course that wishes to unpack the contents of the updates regulations and also the impact it has on our day to day operational transacting, specifically for the purposes of VAT.
Topics Discussed:
- Electronic agents – who/what are they?
- What is specifically excluded from the ambit of “electronic services” in the Updated Regulations?
- On-line learning provided by a university in an export country – Exempt?
- What is the impact of the Updated Regulations on a “group of companies”?
- Examples of electronic services supplied by means of an electronic agent, electronic communication, or the internet.
- What are some examples of supplies that are not electronic services?
- When is a non-resident supplier of electronic services conducting an enterprise for South African VAT purposes?
- Who must register as a vendor and collect VAT on electronic services?
- When must a foreign electronic services supplier or intermediary register as a vendor?
- What is an “intermediary” in the context of electronic services?
- When is a supply deemed to be made by an intermediary?
All Included:
- Video presented course
- Downloadable course material
- Certificate of training
- Optional assessment
- 2 Verifiable CPD Hours - SAIT Accredited