BASIC VAT PRINCIPLES - FULL DAY SEMINAR
| This seminar will focus on creating a better understanding of general VAT principles aimed at increasing a delegate's working knowledge in the day-to-day administration and accounting of VAT.|
This will include a focus on general VAT rules, documentary requirements, adjustments, imports, exports and common issues including the IT14SD and the Tax Administration Act.
1. General VAT Rules
What is VAT, VAT principles, VAT registration, accounting basis, tax periods, input tax, output tax, deemed supplies, zero rated and exempt supplies, time & value rules.
2. Documentary Requirements
Tax invoices, debit notes, credit notes, copy tax invoices, price labels and quotations.
Trade discounts, returned goods, settlement of prompt payment discounts, confidential discounts, bad debts.
Importation of goods, value of supply, time of supply, importation of services.
6. Common Issues
Bad debts, outstanding debts, entertainment, IT14SD, Tax Administration Act, etc
WHO SHOULD ATTEND:
Tax practitioners, small business owners, Advisors, Auditors, Accountants, Tax consultants, Tax advisers, Tax specialists, Bookkeepers, Academics company directors, Budding entrepreneurs and anyone involved in small business management.
Your attendance will also give you 8 valuable hours for full day session.
EVENT INVESTMENT: Basic VAT Principles: R2 500.00
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