Value Added Tax (70912)

by Unisa - The University of South Africa Claim Listing

The objective of the course was designed to teach students the principles of Value-Added Tax in a practical way. It covers the entire field of VAT and concentrates on the calculation and recording of VAT transactions.

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Course Details

The objective of the course was designed to teach students the principles of Value-Added Tax in a practical way. It covers the entire field of VAT and concentrates on the calculation and recording of VAT transactions.

 

Content:

Study Guide 1:

  • Introduction
  • General background on VAT
  • The VAT Act
  • Accounting basis
  • Registration and tax periods
  • Types of supply
  • Taxable supplies
  • Exempt supplies
  • Goods imported and imported services
  • Tax invoices and other documentation
  • The VAT return

 

Study Guide 2:

  • Input tax
  • Deemed supplies
  • Time and value of supply
  • Adjustments for change in use
  • Exports
  • Supply of a going concern
  • Deregistration
  • The VAT return

 

Study Guide 3:

  • Fixed property transactions
  • Deceased estates
  • Insolvent estates and VAT
  • The agricultural sector
  • Financial services
  •  Tax Administration Act
  • Objection and appeal, tax liability, payment and recovery of tax
  • Penalties, interest and other sanctions, planning considerations and transitional rules
  • Pretoria Branch

    12 Joubert Rd, Pretoria
  • Johannesburg Branch

    Corner of Christiaan de Wet Road & Pioneer Avenue, Johannesburg

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