Are you aware of all the VAT implications for Non-Executive Directors?

Since the 1 June 2017, NED’s were no longer seen as employees, and as such needed to register for VAT if their income was above the threshold. SARS has issued multiple guidance documents on the issue, but questions still remain.

Join us for this course, where we will be looking at the income tax and VAT implications for Non-Executive directors. Whether you are a Non-Executive director or tax practitioner, this course will ensure your compliance with the Tax legislation.

Course Content:

• Are you a Non-Executive director?
• When does a NED become liable to register for VAT?
• How must the value of taxable supplies be calculated?
• Where must a person register?
• What documents must be submitted with an application?
• Basic VAT principles
• Time of supply
• Value of supply
• Tax period
• Invoice vs Payment basis
• What input deductions can a NED claim?
• Document requirements Income tax implications
• PAYE and Provisional taxes

All Included:

• Video presented course
• Downloadable course material
• Certificate of training
• SAICA, SAIBA, ACCA, IACSA, IRBA, SAIT Accredited – 2 Verifiable CPD Points