Price:
R310.50 (VAT Incl.)
Level:
Individual Professionals
Sub-level:
Labour Law
Lecturer:
Yvonne Rossouw
Duration:
75 Minutes
Additionals:
R310.50 (VAT Incl.)
Level:
Individual Professionals
Sub-level:
Labour Law
Lecturer:
Yvonne Rossouw
Duration:
75 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
Significant changes took place in how directors are treated for income tax and VAT purposes. As such, different directors are treated differently by their employers and companies, and some have further tax liabilities in their personal capacity.
Whether you are a Non-Executive director, executive director, tax practitioner, or payroll administrator this session will ensure your compliance with the Tax legislation
This lesson will focus on the following aspects:
• Definition of director
o Executive director
o Non-executive director
• Income tax implications for directors
o Salaries
o Fringe benefits
o Deductions allowed
o Loans to and from the company
o Provisional taxes
• VAT implications for directors
o When does a NED become liable to register for VAT?
o How must the value of taxable supplies be calculated?
o Where must a person register?
o What documents must be submitted with an application?
o Basic VAT principles
o Time of supply
o Value of supply
o Tax period
o Invoice vs Payment basis
o What input deductions can a NED claim?
o Document requirements
• Impact on employers
o PAYE
Whether you are a Non-Executive director, executive director, tax practitioner, or payroll administrator this session will ensure your compliance with the Tax legislation
This lesson will focus on the following aspects:
• Definition of director
o Executive director
o Non-executive director
• Income tax implications for directors
o Salaries
o Fringe benefits
o Deductions allowed
o Loans to and from the company
o Provisional taxes
• VAT implications for directors
o When does a NED become liable to register for VAT?
o How must the value of taxable supplies be calculated?
o Where must a person register?
o What documents must be submitted with an application?
o Basic VAT principles
o Time of supply
o Value of supply
o Tax period
o Invoice vs Payment basis
o What input deductions can a NED claim?
o Document requirements
• Impact on employers
o PAYE