The next step in our VAT journey is to explore specific transactions that have either been identified by legislation itself, or raised in practice as items requiring special attention when it comes to the VAT treatment thereof. This course scopes in on the relevant transactions requiring further discussion, to enhance your knowledge on how to deal with them in practice. Please note that while these courses are presented as a series of related matters, they cannot be booked as a bundle and bookings are to be made for each course on its own.

This session will cover the following: • VAT on the import of goods and services, including the documentary requirements related to it • Zero-rating of exports, including the documentary requirements related to it • Exempt supplies, mixed supplies and apportionment of input taxes • Denial of input tax on motor vehicles and entertainment • Claiming input tax on second-hand goods • Deemed supplies such as fringe benefits and insurance pay-outs • Transactions with connected persons • Agents, principals and cost recoveries • Accommodation: residential and commercial, including provisions for property developers • Leases (operating and finance leases, as well as instalment sales agreements) • Bad and doubtful debts and the 12-month creditor rule • Foreign electronic services

All accounting or tax professionals or vendors charged with the responsibility of accounting for and submitting VAT returns.