BENEFITS OF JOINING CHAMBER?

There are countless good reasons to join the Border-Kei Chamber of Business and direct benefits include:

DATABASE

Chamber membership gives you valuable access to members and potential clients.

NEW MEMBERS INDUCTION AND NETWORKING FUNCTIONS

Members are entitled to attend valuable informal, but structured opportunities to meet a broad range of business people.

BUSINESS HI-LITE MAGAZINE

This glossy B2B magazine is distributed monthly free of charge to all our members and keeps you in touch with Chamber activities and developments in our area.

CHAMBER EVENTS DIARY

The Chamber Diary is listed on our website and updated as events change. Both Members and Non-Members are invited to attend and become involved.

LETTERS OF SUPPORT

At a small fee, we gladly provide letters of support to members trying to access tenders and expand their business footprint. Each Chamber member commits to a code of ethics that endeavours to raise the standard on which business is conducted.

LETTERS OF INTRODUCTION

The Chamber issues letters of introduction to members proceeding abroad on business.

BUSINESS BYTES

Our monthly electronic newsletter gives a snapshot of activities and upcoming events.

MEMBERSHIP CERTIFICATE

On becoming a member you will receive a personalised membership certificate at a New Members' Induction and Networking Event.

www.bkcob.co.za

Members who have websites are entitled to a link from our website, to yours. We ask you to reciprocate this link from your website to ours as well. The new and constantly updated portal provides members with an advanced medium to keep abreast of both news and the latest developments within the Border-Kei region.
Changes made by SARS to VAT 201 PDF Print E-mail

SARS made changes to the VAT 201, specifically aimed at addressing the declaration and payment of VAT in respect of the import and the export of goods.

However, if you have already completed and saved your VAT 201 on your eFiling profile, the form will be automatically updated to include the new fields. This means that you will not lose the information which you have saved, and you need only complete the new fields if they apply to you.

The changes to the VAT 201 will impact all vendors, specifically vendors involved in the import and export of goods. These vendors will now be required to indicate separately on their declarations all transactions involving the import and the export of goods. This requirement will serve to inform and enhance SARS's risk assessment across the different taxes administered by SARS.  The new VAT 201 form will include:

  • A field (Field 2A) indicating zero-rated supplies of all goods exported from the Republic of South Africa.
  • A field (Field 14A) for the calculation of input tax that applies to capital goods imported in respect of which a valid release document is held.
  • A field (Field 15A) for the calculation of input tax that applies to non-capital goods imported in respect of which a valid release document is held. 
  • A Customs Code which will serve as the exporter's/importer's code, linking the information  declared for Customs purposes to the information declared for VAT purposes. 

Kindly note that in the event of field 2A, 14A and 15A having been completed, it will be mandatory to fill in your Customs Code.

Source: www.sars.gov.za
 

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