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Updated in [July 25th, 2023]

This course provides an informative session on the VAT expense deductions available in South Africa. Participants will learn about the expenses that can be claimed for VAT purposes, such as entertainment, business travel, accommodation, fringe benefits, staff expenses, insurance indemnity, management fees, cost recoveries and on-charges, foreign services, marketing events, goods previously owned or used, mixed supplies, office furniture used by staff, motor vehicles and conversions, subsistence allowance vs travel reimbursement, bad debts and bad debts recovered, discounts allowed and received, and trade discounts. Practical day-to-day examples will be discussed in detail, and a complete VAT reconciliation will be demonstrated with the subsequent completion of the VAT201 return. The presenter, Ruzel van Jaarsveld, has over 23 years of financial and bookkeeping experience, and is a seasoned appointed facilitator with Biz Facility. Upon completion of the course, participants will receive a recording of the session, downloadable course material, a certificate of training, and SAIT accredited 3 verifiable CPD points.

Course Syllabus

VAT Expense Deductions Course