Available Course
VAT: Entry Level Principles of VAT
>> Click here to book this training as an In-House course <<
| Duration: | 1.5 |
| CPD Hours: | Attendance at this seminar will secure 1.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc) |
| Course Facilitator: |
Corlia Faurie
T: 011-886-1395 E: gillian@probetatraining.co.za |
| Back | |
The journey to coming to terms with taxes starts with the first step: understanding the bottom line and the basic principles that govern it.
This session will cover the following:
• Becoming liable and registering as a VAT vendor:
o What is an enterprise?
o When does VAT registration become compulsory?
o How does one determine the value of your taxable supplies for registration requirements?
o What happens when you cease to be a vendor?
• The driving force behind output VAT:
o What is a supply?
o When would output VAT have to be charged?
o What is the value on which output VAT will be based?
o When may vendors claim input taxes and when would it be denied?
• Knowing your supplies: distinguish between standard rated, zero rated and exempt
• Knowing your VAT periods and accounting basis
• VAT invoices, quotes and other related documents
• Navigating the eFiling system as a VAT vendor and completing the VAT201 return
All accounting or tax professionals or vendors charged with the responsibility of accounting for and submitting VAT returns.
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