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Thread: VAT calculation template - Insurer

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    VAT calculation template - Insurer

    Hi Guys

    I have a VAT client in the Insurance Business. Could you please forward me a template or an easy reference guide with some pointer in relation to the vat calculations? I understand things like insurance premiums are exempt. The SARS guide on the website doesnít help me much and I donít want to make silly mistakes.
    Please assist.

    Thank you,

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    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by Simbonile View Post
    I understand things like insurance premiums are exempt.
    That's not a good start.

    What sort of insurance?
    The trouble with opportunity is it normally comes dressed up as work.

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    Hi Dave,

    It's life insurance

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    Site Caretaker Dave A's Avatar
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    Whew!

    Not all insurance premiums are exempt supplies, so you had me worrying there for a moment.
    The trouble with opportunity is it normally comes dressed up as work.

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    Hi guys

    Can you still assist me with my query?
    Is there a guide or a template that you can forward me regarding VAT treatment/ calculation for an Insurance Broker company.
    SARS consultants have not been able to assist me when I call them.

    Thanks

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