Value Added Tax (VAT)
Course Description
In a rapidly evolving economy, the turnover of companies are also increasing, which influence on an increase in the number of companies or businesses that are paying VAT. Considering that VAT is an important and complex part of tax accounting, there is a growing demand for professional specialists in this area at companies, businesses or organizations. The training touches on all the dark aspects of VAT registration, analyzes controversial issues and examines the articles contained in the VAT Tax Code and shows the solutions of the problems.In a rapidly evolving economy, the turnover of companies are also increasing, which influence on an increase in the number of companies or businesses that are paying VAT. Considering that VAT is an important and complex part of tax accounting, there is a growing demand for professional specialists in this area at companies, businesses or organizations. The training touches on all the dark aspects of VAT registration, analyzes controversial issues and examines the articles contained in the VAT Tax Code and shows the solutions of the problems.
Course objectives
After successful completion of this course, candidates should be able to:
- Understand the concept of VAT and its impact on the economy;
- Understand the impact of VAT on the operational and the financial performance of the business;
- Differentiate various types of supplies with reference to VAT;
- Differentiate Input VAT and Output VAT;
- Categorize the supplies for VAT calculation;
- Prepare for VAT registration;
- Understand VAT administration, fines and penalties related to VAT filing;
- Identify common errors in VAT calculation.
