ICBA members: Get a 20% discount on tickets to 2016 CFO World Congress

The ICBA is partnering with our sister organisation SAIBA to host the 46th CFO World Congress at the Cape Town International Convention Centre from 9 to 11 November 2016.

As a tax professional, you can gain access to a network of more than 21,000 local and global CFOs from more than 21 countries. You can extend your network, gain new insights from CFOs, FDs, FMs and other finance executives.

This is the first time that this international event will be hosted in Africa, and it will provide unique networking opportunities with both local and international finance executives. It will also give you a chance to learn about the most pertinent topics affecting today’s finance professionals.

Who should attend?

  • Financial Directors
  • Chief Financial Officers
  • Financial Managers
  • Financial Analysts
  • Heads of Finance
  • Senior finance executives
  • ICBA members
  • Certified Chartered Accountants

Discount for ICBA members

As an official partner to the CFO World Congress, we have secured a 20% discount for ICBA members. Use the following discount code and your ICBA membership number to claim your discount: 20UCERUL

[button link=”http://iafeiworldcongress.com/”]Go to congress website[/button]


Betty Bookkeeper gives advice on claiming VAT on an invoice from a liquidated supplier – October 2016

Hi Betty 

I have a technical query regarding VAT. I have a client who received a purchase invoice from a supplier who has informed them that they will be placing their company (the supplier’s company) into liquidation soon.

My concern is that my client will be claiming back the output VAT on this purchase invoice, however it is doubtful that their supplier will be paying the input VAT from this invoice to SARS, since they will be going into liquidation soon.

Will my client be at any risk from SARS whereby the output VAT is disallowed, because the input VAT (from the other side of the transaction) does not get paid by the supplier?

If there might be a problem in claiming the output VAT on this invoice, should my client rather withhold the VAT portion of this invoice from their supplier?

CE Mitchley

Hi there

I don’t see any problem with the client claiming back the VAT, as long as they have a valid VAT invoice. It is not their concern whether the output VAT is eventually paid over to SARS. Their only concern is that they have incurred the expense, and are in possession of the required documents in order to make the claim.

The client is not at any risk from SARS if the output VAT is not paid – this would be an issue between SARS and the supplier.

Hope that helps!

Don’t forget that I’m here to answer your questions about the ICBA, or just queries about your accounting at work. All you have to do is email me!


Renew your annual ICBA membership and keep those letters after your name

As an ICBA member, you’ve enjoyed the prestige of those all-important letters after your name. Why not keep them there – and get loads of other benefits – in 2017?

How to renew your ICBA membership

All you need to do is:

Membership renewal fees

  • Annual membership renewal – all qualified members: R 500
  • Annual membership renewal – students (excludes use of designations): R 430

Remember that you can receive a discounted ICBA membership if you’re a registered ICB student.

Why be an ICBA member?

When you are a paid-up ICBA member you will:

  • Be able to place those all-important ICBA letters after your name (except for student members).
  • Be able to use the ICBA logo on your business cards, letterheads, websites, and other marketing collateral. For more detailed information, please download the ICBA Logo Usage Policy.
  • Receive an ICBA membership certificate.
  • Receive our FREE tax booklet (hard-copies/electronic).
  • Receive a FREE ICBA Members’ Notebook.
  • Receive discounts on workshops and seminars run by SAIT, SAAA, Pastel and more.
  • Be able to apply to SAIT to become tax practitioner – and get discounted SAIT membership fees. But only if you have the required work experience and ICB qualifications behind you (FETC: Bookkeeping (NQF Level 4) and above). Download the ICBA Tax Practitioner Guideline here.
  • Be able to apply for exclusive access to Pastel’s Bookkeepers’ Forum, which entitles you to a software welcome pack, priority telephone support, invitations to Pastel seminars, and much more. Only ICBA members who are bookkeepers in private practice can apply.
  • Be able to ask Betty Bookkeeper any work-related questions – she’s your personal technical helpdesk!
  • Be able to apply to become an Accounting Officer through SAIBA. ICBA members with the required work experience and ICB qualifications behind them (National Diploma: Financial Accounting NQF Level 6) can apply.
  • Be able to perform the duties of an ex-officio Commissioner of Oaths if you’re a Certified Technical Financial Accountant and Certified Financial Accountant.

We’re looking forward to having you as ICBA members in 2017!