About the seminar
With the lack of income from corporate income tax due to the recession, SARS is shifting their focus to VAT. This will significantly increase the likelihood of detection of non-compliance.
Globalisation and electronic trade have placed world markets on our doorstep. This has done wonders for international trade. Unfortunately Value Added Tax has not tracked global developments since its introduction in 1991. Today vendors are faced with significant challenges to manage compliance risks when making zero-rating supplies to international recipients of goods and services. This seminar will highlight the burning issues facing suppliers of goods or services to international recipients.

Why attend the seminar?
Incorrectly zero-rating certain supplies will result in the VAT cost being borne by the South African supplier. In a highly competitive international market a vendor may find that its profit margins are significantly eroded by the VAT costs not budgeted for. A vendor is further exposed to significant penalties and interest where non-compliance occurs. The only way for organisations to mediate these risks is to empower its employees with current information to identify potential problem areas in a proactive fashion.

Who needs to attend?

• Compliance officers responsible for overall risk management within organisations
• Financial managers responsible for issuing zero-rated invoices for either goods or services
• Financial managers who acquire any services from  non-residents
• Tax managers responsible for the indirect tax function
• Supply chain managers involved in imports and supplies
• Treasury managers responsible for exchange control compliance

Key topics

• Introduction – the philosophy behind zero-rating supplies
• The export of goods
• The export of services
• The importation of services
• Exchange control considerations

Christo Theron is a Chartered Accountant and holds an H.Dip Tax (Wits) and a Masters Degree in Tax (UP). Christo has been a tax partner at Ernst & Young for a number of years and currently heads up the Johannesburg Tax Practice of Grant Thornton. Christo is also responsible for and lectures at the Advanced Course in Value Added Tax at the University of South Africa. Christo is a recognised specialist in the field of VAT and chairs the SAICA VAT sub-committee that acts as a conduit between the tax profession and SARS.

08h00  Arrival and registration
08h30  Introduction
08h40  Export of goods
10h30  Tea break
11h00  Zero-rated supplies of services 
12h00  Managing zero-rated supplies within enterprises – sundry issues 
12h30  General question and answer cession

Dates and venues
3 November 2009 – Johannesburg, Gallagher Estate Convention Centre
5 November 2009 – Durban, Elangeni Hotel
6 November 2009 – Cape Town, The Townhouse Hotel and Conference Centre

Fees (VAT inclusive)
One delegate – R1 744, 20
2 or more delegates from the same company – R1 569, 78

Registration form