Attending the course and successfully completing the post-assessment, will grant you
2 hour/s verifiable CPD, recognised by the various
professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the
CPD certificate will only be issued once the post-assessment has been completed.
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 VAT 201 return
Accountants and Auditors with limited prior exposure to VAT
