VAT on Insurance Seminar

Join our tax experts for a half day seminar on the insurance industry, how to avoid pitfalls and remedial actions available.

4 August 2016, 8:15AM - 1:00PM, SAST

Adhering to the new status quo

Compliance with the new Binding General Rulings (BGRs).

Recent BGRs issued have already started effecting major changes for short-term insurers and will impact on the VAT treatment; document retention;
IT systems handling of claims and the underwriting process in the industry.

The question management should be asking is,“Do I fully understand the impact of such changes and the potential historic exposures?”

Join our tax experts for a half day seminar, which will cover the impact of the new BGRs for insurance industry, and how to avoid pitfalls and remedial actions available.

Topics include: 

  • A detailed understanding of the imitations on Zero Rated premiums; Reinsurance premiums; Commissions and Fees;
  • New documentary requirements in respect of certain Zero Rated policies;
  • Correct determination of values of sums insured, having regard to, inter alia, the VAT effects of the underlying risks and VAT status of the insured.

Duration

Half day training course

Cost

R2, 000 (incl. VAT).

Time

Registration from 08:15.      

Training course from 09:00-13:00, with light refreshments included.

Registration

Please click here to register online.

Should more of your staff members attend, please note the following
discounts to be applied:

  • A 10% discount on the total fee for 5 or more attendees; and
  • A 15% discount on the total fee for 10 or more attendees

More information

Should you require any assistance with VAT in the insurance industry, please contact:

Andre Meyburgh
Head of Indirect Tax
KPMG in South Africa
M: +27 (0)82 851 6587
andre.meyburgh@kpmg.co.za

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