Internal Controls: Compliance, Operational and Financial Course
Course overview:
Why is this ‘Value Added Tax (VAT) Course’ the right choice for you? Our VAT courses provide a thorough insight into the VAT framework, encompassing the underlying principles of VAT, its legal and regulatory aspects, how to deal with VAT implementation and administration, and support with the understanding and reliable submission VAT returns.
Course details:
Businesses can avoid violations and penalties if they have a proper VAT registration and review process implemented. This course focuses on the principles and protocols of VAT, and the concepts and rules around VAT.
This Value Added Tax (VAT) Course covers real-world examples of VAT management, as well as VAT characterisation, the history behind its vocabulary, illustrations of how to file VAT returns, how to watch out for impending violations in the VAT system, and guidelines on how to pass audit compliance checks skilfully.
By the end of the course, participants will be able to:
- List major terms of VAT such as a taxable person, input VAT, output VAT and exempt supplies
- Understand and apply the current rules and rates of VAT.
- Practice VAT calculations, and learn about the accounting principles and documentation requirements to file VAT returns accurately
- Complete VAT returns for both cash and credit transactions.
- Explain how to account for VAT on purchase and sales of goods or services whether the entity is registered for VAT or not
- Use the company’s trial balance to fill up a VAT return
- Identify the risks behind improper VAT management
- Apply VAT procedures
- Prepare to pass a VAT audit successfully
Staff accountants, senior accountants, chief accountants, accounting managers, controllers, internal auditors, tax consultants, tax preparers, employees of SARS, persons involved in VAT matters in various companies, persons involved in VAT audits and investigations as well as other professionals in different company functions.
Three days |