West Rand

SAIPA Johannesburg Regional Forum

Dates: 
Thu, 2012-05-17 18:00

SAIPA Johannesburg Regional Forum

Breaking News

SAIPA Johannesburg Regional Forum has after a period of lengthy negotiations obtained the services of

SAIPA Johannesburg Regional Forum

Dates: 
Thu, 2012-05-17 18:00

SAIPA Johannesburg Regional Forum

Breaking News

SAIPA Johannesburg Regional Forum has after a period of lengthy negotiations obtained the services of

SAIPA West Rand Forum Invite

Dates: 
Wed, 2012-04-18 13:30 - 16:00

SAIPA West Rand Forum Invite

Dear Member, Student and colleague

The SAIPA West Rand Regional Association kindly invites you to join us for our next forum meeting:

ACCOUNTING FOR OUTPUT VAT

Category: 
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.
Please be advised that in terms of the Vat Act a transaction becomes vatable at the earlier of the following:
- At the time that an invoice is issued or
- At the time of any payment is received by the supplier

INPUT TAX

Category: 
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.

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