VAT - Back to Basics

Partner: Udemy
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Description: *This course relates to South African Taxes only*As a tax professional, learners are immediately confronted with large volumes of detailed tax theory, and struggle to understand how the theory fits into the end goal of preparing tax computations.This course has been designed to develop a foundation of simple application upon which the complexities of taxation can be built at a later stage. The approach to this session is practical rather than theoretical.Topics Discussed:Definitions: Output tax and Input taxRegistrationCategory of vendorRefusal to registerCancellation of registrationOnus on the vendorLiability of vendorTime and value of supplyGeneral ruleRental agreementInstalment credit agreementFixed propertyOpen Market ValueZero-RatingExport of goodsExport of secondhand goodsSupply of a going concernFuel levyServicesExempt SuppliesFinancial servicesResidential accommodation in a dwellingEducation servicesTransport by road or railOtherInput TaxApportionment of input deductions – section 17 (1)Prohibited input deductions – section 17 (2)Double inputsCalculation of VAT payable – section 16 (3)Accounting basisDeemed SuppliesFringe Benefits – section 18 (3)Person ceasing to be a vendor – section 8 (2)Disposal of going concern – section 8 (7)Insurance claims – section 8 (8)Non-Supplies – section
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Price: 39.99
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Source: Impact
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