Price:
R598.00 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Jeanmari van der Schyff
Duration:
120 Minutes
Additionals:
R598.00 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
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.
Content
- 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.