Available Course
Bottom Line Principles of VAT
>> Click here to book this training as an In-House course <<
Duration: | 2.00 |
CPD Hours: | Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc) |
Course Facilitator: |
Jeanmari van der Schyff
T: 0118861395 E: jeanmari@probetatraining.co.za |
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Understanding the bottom line and the basic principles that govern VAT.
• 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 supplies
• 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.
Accountants and Auditors with limited prior exposure to VAT.