Module 1 -VAT Concept
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KeyTopics:
- Concept and Motive of VAT
- Input and Output VAT
- Supplies, Goods and Services
Categories of Supplies
- Taxable Supplies
- Reduce Rated Supplies
- Zero Rated Supplies
- Exempt Supplies
- Zero Rated vs Exempt
* Click on column header for sort them
Venue | Starting Date | Duration | Fees | Join Now |
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Value Added Tax (VAT) charged on goods and services, is applicable and common throughout the world. Currently, approximately 145 countries in the world have implemented VAT. The Organization for Economic Cooperation and Development (OECD) stated that “the application of Value Added Tax has been the most important development in taxation over the last 50 years”.
Since VAT might have a significant financial impact on businesses, regardless of the location or industry type, it is important to have a good un der standing of VAT in order to avoid any unnecessary costs. As a result, it is mandatory for all the industries to have the relative information about VAT.
The training course is designed to cover the principles of the VAT, and its impact on individuals and businesses. Participants will be provided with knowledge that can be shared amongst their own colleagues, and with other departments. The awareness and understanding of VAT will enable delegates to have required information to deal with it.
The important features of the VAT Awareness training course are:
This training course will enable participants to understand the importance of managing Value Added Tax (VAT) transactions and balances. VAT management is not rocket science, but problems can be avoided with a proper registration and control process in place. This course will cover real-world examples of VAT management, as well as:
The Value Added Tax training course is suitable for:
This training course provides a theoretical background to key areas of VAT that are put into a real-world context. This practical and results-oriented VAT training course is based on adult learning concept. It incorporates short inspiring lectures with structured lessons from the learning manual; captivating PowerPoint slides with videos to enhance learning; ongoing discussions with action planning; ample time for Q&A; training activities to reinforce key concepts within a fun learning environment.
Pre & Post course assessments will be used to measure the effectiveness of this training.
Categories of Supplies
VAT Registration
VAT Administration
VAT on Imports/Exports
VAT Errors