Price:
R422.05 (VAT Incl.)
Level:
Tax professionals
Sub-level:
Income tax
Lecturer:
Jeanmari van der Schyff
Duration:
120 Minutes
Additionals:
R422.05 (VAT Incl.)
Level:
Tax professionals
Sub-level:
Income tax
Lecturer:
Jeanmari van der Schyff
Duration:
120 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
Understanding the bottom line and the basic principles that govern VAT.
• Becoming liable and registering as a VAT vendor:
• What is an enterprise?
• When does VAT registration become compulsory?
• How does one determine the value of your taxable supplies for
• registration requirements?
• What happens when you cease to be a vendor?
• The driving force behind output VAT:
• What is a supply?
• When would output VAT have to be charged?
• What is the value on which output VAT will be based?
• 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.
• Becoming liable and registering as a VAT vendor:
• What is an enterprise?
• When does VAT registration become compulsory?
• How does one determine the value of your taxable supplies for
• registration requirements?
• What happens when you cease to be a vendor?
• The driving force behind output VAT:
• What is a supply?
• When would output VAT have to be charged?
• What is the value on which output VAT will be based?
• 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.