CTA Level 1 & Level 2 TAXATION

VAT: Notional Input: Fridge Benefits & Importation of goods

Duration: 1 hour 42 minutes

This VAT session 1 is for CTA Level 1 and Level 2

In this session you will learn the VAT implications of:

• Purchase of Second hand goods from a non-vendor
• Fringe Benefits to Employees
• Importation of goods into the Republic by any person.

Donations Tax for CTA Level 1 & Level 2

Duration: 1 hour 

This class covers Donations Tax sec 54 to sec 64 of the Income Tax Act.

• After this class students will be able to answer any Donations tax question.

VAT: Instalment Credit Agreements

Duration: 30 minutes

This session is for CTA Level 1 and Level 2.

It covers the following:

• Identifying an Instalment Credit  Agreement (Definitions)
• VAT implications of Instalment Credit Agreements
• Income Tax Implications of Instalment Credit Agreements in terms of sec 11a & sec 23C.

VAT- Deemed Supplies: Ceasing to be a vendor; Indemnity payments & Payments exceeding consideration

Duration: 1 hour 10mins

This session is for CTA Level 1 and Level 2.

This session covers the following Deemed Supplies for VAT

• Ceasing to be a vendor-Sec 8(2)
• Indemnity payments- Sec 8(8)
• Payments exceeding consideration-Sec 8(27) and 16(3)(m)

VAT: Important Aspects of VAT (Revision)

Duration: 1 hour 50mins

This session is for CTA Level 1 and Level 2.

VAT Implications of the following:

• Fare Paying passengers (By Road, Rail and Air);
• Exportation of Goods and Services;
• Supply of fixed property;
• Denial of Input VAT;
• Financial services;
• Salaries and Wages