FANews
FANews
RELATED CATEGORIES

FIA: How will the VAT increase affect the way we do business?

29 March 2018FIA

The increase in VAT from 14% to 15% on 1 April 2018 will have a significant impact on the flow of money in the intermediated insurance market, from premiums to commissions to claims and beyond!

The SAIA/FIA VAT Workgroup has compiled a list of frequently asked questions (see downloads below) that will help you to understand some of the technicalities involved in the VAT increase in your business.

If you have any questions that are not on the list below, please contact us on questions@fia.org.za or 012 665 0085.

Downloads (click to download)

First published on the FIA Blog.

Comment on this post

Name*
Email Address*
Comment
Security Check *
  
Quick Polls

QUESTION

Are we heading for an over regulated industry?

ANSWER

Yes
No
Only time will tell
AE fanews magazine
FAnews April 2018 EditionGet the latest issue of FAnews

This month's headlines

New draft premium collection legislation
Insurers… close to sleep deprivation
Disability cases are not for amateurs
A rethink of product strategies
Will retirement really last a lifetime?
Subscribe now