Objectives

The primary objective of this tender is to prepare the calculation of the 2025 VAT apportionment percentage using the varied input method as outlined in the VAT Class Ruling issued by SARS. The aim is to ensure accurate and compliant VAT apportionment for the University of KwaZulu-Natal for the year 2026.

Scope

The scope of the project includes:

• Calculating the 2025 VAT apportionment percentage based on the varied input method specified in the SARS VAT Class Ruling.
• Providing a detailed and compliant calculation report suitable for submission to SARS.
• Ensuring adherence to relevant VAT legislation and guidelines issued by SARS.

Technical Requirements

The technical requirements for this tender include:

• Preparation of VAT apportionment calculations in accordance with the SARS VAT Class Ruling for 2025.
• Use of the varied input method as specified in the ruling.
• Provision of supporting documentation and calculations that demonstrate compliance with SARS requirements.
• Submission of the final calculation report in an acceptable electronic format.

Skills Requirements

The successful bidder must possess the following skills and expertise:

• In-depth knowledge of VAT legislation and SARS VAT Class Rulings.
• Experience in VAT calculations and apportionment methodologies.
• Strong analytical and numerical skills to accurately perform complex calculations.
• Ability to prepare clear, detailed, and compliant reports.
• Proficiency in relevant accounting or tax software (if applicable).