Course

Introduction to VAT

The Introduction to VAT course focuses on developing fundamental understanding of how the VAT system works in South Africa. It also takes it one step further by moving from understanding how VAT works, to creating a skill of identifying an issue and applying the relevant section or rule of the VAT Act to any real-life scenario. This will give the delegate the relevant tools to respond confidently and effectively to any future business or personal VAT related query.

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Introduction to VAT

The Introduction to VAT course focuses on developing fundamental understanding of how the VAT system works in South Africa. It also takes it one step further by moving from understanding how VAT works, to creating a skill of identifying an issue and applying the relevant section or rule of the VAT Act to any real-life scenario. This will give the delegate the relevant tools to respond confidently and effectively to any future business or personal VAT related query.

Mzoxolo Gulwa · October 21, 2020

Short Course

Duration: 4 hours

Price: R199

Overview

The Introduction to VAT course focuses on developing fundamental understanding of how the VAT system works in South Africa. It also takes it one step further by moving from understanding how VAT works, to creating a skill of identifying an issue and applying the relevant section or rule of the VAT Act to any real-life scenario. This will give the delegate the relevant tools to respond confidently and effectively to any future business or personal VAT related query.

Learning Outcomes

By the end of this course, you will be able to:

  • Demonstrate an understanding of how the VAT system works in South Africa
  • Identify when a person needs to register for VAT
  • Understand the Output VAT definition and demonstrate an understanding of when to charge Output VAT
  • Understand the different Types of supplies and demonstrate an understanding of when and how to apply the different supplies
  • Demonstrate an understanding on Time and Value of supply
  • Identify the special circumstances when Output VAT can be raised
  • Identify circumstances when Input VAT is denied
  • Demonstrate an understanding of how to process VAT journal entries

Key topics to be covered

  • VAT system in South Africa
  • VAT registration and administration
  • VAT vendors
  • Output VAT definition
  • Types of supplies
  • Time and value of supply
  • Special rules: Output VAT
  • Special rules: Input VAT is denied
  • Basic VAT journals

Who is this course for?

This course is best suited for small business owners, individuals (at any level) working in corporate companies and for the private individual. It is for those seeking an understanding of how the VAT system works and those who wish to deepen their understanding and knowledge of VAT.

This course includes:

  • 4 hours of recorded content
  • Activities (question and answers) per section
  • Full life-time access

To enquire about this course:

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