This course covers the fundamentals of Value Added Tax (VAT), including the system’s workings, the differences between VAT and GST, VAT categories, and standard rated, zero-rated, and exempt supplies. Participants will also learn how to perform basic VAT calculations, identify non-allowable items, outline necessary documents for input claims, compare vendor registration bases, and understand VAT payment due dates, penalties, and interest. Finally, the course will distinguish between VAT avoidance and evasion.
SACOB Micro Courses are not accredited and are intended to offer you knowledge and skills in a particular field and is a non-credit bearing course.
Description
Accreditation
This is a SACOB Short Learning Programme or Short Course.
Overview
1.1 Introduction
1.2 How does the VAT system work?
1.3 VAT supply categories
1.4 VAT calculations
1.5 VAT returns
1.6 Summary
Qualification
Certificate of Completion of SACOB Micro Course
Requirements
This course is suited for anyone who is wanting to gain knowledge and understanding within the field. There are no specific entrance requirements.
Duration
4 weeks
Packages
Online Standard:
- Coursebook Access
- Concept Videos
- Section Quizzes
- Practical Examples
- Unit Summaries
Assessment
Final Online Quiz
What's next
You are now eligible to further your studies and sharpen your skills with more short courses or take it a level up and go for a professional body certification to build onto these vital skills.
Check them out here
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