Overview

This webinar provided a practical unpacking of VAT Binding General Ruling 16 (Issue 3), which introduced a significant shift from the previous turnover-based apportionment method. The updated BGR resolved many long-standing areas of confusion and uncertainty in practice and included important guidance on the apportionment of VAT in financial institutions—an area known for its complexity.

To cater for members both inside and outside the financial services sector, the webinar was delivered in two sessions. Participants who did not work with financial-sector VAT complexities were able to opt to attend only Session 1. This webinar aimed to strengthen participants' understanding and practical application of apportionment rules to support accurate VAT compliance in this specialised area.

Webinar Content

• The body of law
• Principles of attribution
• General apportionment rules
• Specific exclusions
• Specific categories of adjustments (non-financial services related)
• Interest received
• Trading in financial assets
• Profit shares from joint ventures

Competencies Developed

• Understood the legislative framework in the VAT Act governing the apportionment of input tax.
• Applied the apportionment framework correctly in practice.
• Performed the annual apportionment percentage calculation accurately.
• Computed and declared the annual apportionment adjustment correctly in the VAT return.
• Met SARS’ annual disclosure requirements.
• Applied the transitional rules with accuracy.

Presenter

Christo Theron

(CA(SA) H Dip Tax (Wits) M Com Tax (UP)

Christo is a recognised specialist in the field of indirect taxes. As a technical expert, he is responsible for overseeing the quality of all VAT as well as Customs and Excise opinions issued by TradeTaxPlus.

He is a Chartered Accountant and holds a Master’s Degree in Taxation from the University of Pretoria.

Christo serves as the chairperson of the SAICA VAT Committee and presents most of SAICA’s VAT seminars. He previously presented all VAT seminars for LexisNexis.

He has been involved in UNISA’s Advanced Course in VAT for many years, contributing significantly to developing the programme into one of South Africa’s leading educational tools. He continues to present the course.

CPD

Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 1 hours of Tax CPD.

Event Investment

Free for Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

• Regular price: R230.00
• Group booking discounts available when you register for a group.

Payments & Cancellations

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  • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
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