VAT (Value Added Tax) in South Africa - The Basics скачать в хорошем качестве

VAT (Value Added Tax) in South Africa - The Basics

In this video, Anrich explains the basics of VAT (Value Added Tax) in South Africa. This is a long video, with a lot of detail. I have included timestamps below to make it easier to navigate. #vat #tax #business #southafrican #smallbusiness 0:00 Introduction and 0:45 Essential characteristics of VAT 2:35 What is VAT paid on? 4:00 Who is a Vendor? 4:45 Compulsory VAT registration 6:25 Voluntary VAT registration 8:45 Not required or allowed to register for VAT 11:15 How to register for VAT? 12:50 Tax periods for VAT 19:20 What is Output VAT? 20:05 Section 1 Vendor/Person 21:45 Section 8 Deemed supplies for VAT 23:20 Section 1 Taxable supply 24:10 Section 10 Value of supply 25:45 Section 9 Time of supply 27:45 Section 1 Consideration 30:30 Section 1 Goods 31:30 Section 1 Services 32.15 Section 1 Enterprise 33:45 What is excluded from Enterprise? 36:20 Rate of supply 37:45 Standard-rated supplies 39:30 Section 11 Zero-rated supplies 47:30 Section 12 Exempt supplies 52:29 Accounting method/basis 54:00 Section 1 Input VAT 1:01:20 Notional or deemed Input VAT 1:04:30 VAT Tax Fraction 1:05:20 Input Tax - direct attribution and apportionment 1:14:15 When is Input tax denied - Section 17(2) 1:15:00 Section 16(2) VAT relevant documentation 1:17:25 Tax invoices (section 20) 1:19:00 Debit and credit notes (section 21) Disclaimer: This video is created for education and entertainment purposes and does not constitute tax advice. If you have questions or require an opinion on a specific VAT section, please always consult your tax professional who will advise on your specific circumstances.