This 2-hour webinar unpacks the unique VAT considerations affecting motor dealers in South Africa. Attendees will gain clarity on input tax claims, trade-in vehicles, demos, second-hand goods, and compliance pitfalls. Practical guidance and SARS expectations will be covered to help motor dealers manage VAT obligations effectively and legally.
The Income Tax Beginner Series is a structured 8-hour course designed to equip participants with essential knowledge on South African tax regulations. The course covers income tax fundamentals, tax residency rules, business and individual taxation. Practical scenarios, SARS compliance guidelines, and filing procedures will also be discussed to enhance understanding.
Key Topics Covered:
• VAT treatment of trade-ins and demo vehicles
• Input VAT deductions and apportionment
• Dealing in second-hand vehicles and Section 20(5) invoices
• Output tax on repossessed and repossessed vehicles
• VAT record-keeping and SARS audits
• Special VAT dispensations for motor industry dealers
• Recent SARS VAT updates and interpretations affecting dealerships.
• Motor dealership owners and managers
• Accountants and tax practitioners
• Bookkeepers working in the automotive industry
• Financial controllers in motor retail businesse
s • Legal or compliance officers dealing with indirect taxes
