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SAIPA SARS Free State Correspondence
Dates:
Fri, 2012-04-13 08:50
Venue:
The Willows Dear SAIPA Member
We would like to remind you of the SAIPA / SARS meeting of the 2nd Quarter. Please note that the meeting will take place on Friday 13 April 2012 and not 12 April 2012 as indicated on the Year plan. Please find attached details Kind Regards
Related categories:
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ACCOUNTING FOR OUTPUT VATCategory:
Tax
Question:
ACCOUNTING FOR OUTPUT VAT
Answer:
It is assumed that your client is registered for vat and, secondly accounts for vat on an invoice basis. |
THE NEW TURNOVER FIELD ON THE IRP6Category:
Tax
Question:
THE NEW TURNOVER FIELD ON THE IRP6
Answer:
The New Turnover field on IRP6 has also been built into the IRP6 return but this field is not compulsory for individual taxpayers. When completing the Turnover field please take note of the following:
Related categories:
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INPUT TAXCategory:
Tax
Question:
INPUT TAX Is input tax deductible when a vendor provides company branded t-shirts to employees for its annual family day?
Answer:
Input tax is not deductible as the supply of T-shirts is linked to family day and is entertainment. Entertainment is input denied as per the Vat Act. |
Calculation of output VATCategory:
Tax
Question:
A guesthouse supplies accommodation which includes domestic goods at a price of R1000.00 and does not include VAT. The VAT inclusive price is R1140.00 what is the value of the output VAT?
Answer:
This question is related to commercial accommodation which in terms of the VAT act receives special dispensation therefore the output VAT is calculated as follows; |
