This Value Added Tax Training (VAT) Course facilitates tax controllers, accountants, auditors, and other tax professionals to realize the significance of managing Value Added Tax (VAT) operations and calculations. VAT management can be significantly complicated if the right knowledge is not available within the organization.

Why is this ‘Value Added Tax (VAT)’ Course the right choice for you? Our VAT courses provide a thorough insight into the VAT framework, encompassing the underlying principles of VAT, its legal and regulatory aspects, how to deal with VAT implementation and administration, and support with the understanding and reliable submission VAT returns. It covers real-world examples of VAT management, as well as VAT characterization, the history behind its vocabulary, illustrations of how to file VAT returns, how to watch out for impending violations in the VAT system, and guidelines on how to pass audit compliance checks skillfully.

This VAT training will empower you with knowledge in VAT operatives, processes and procedures. You will also be specifically engaged in learning about real-world VAT implementation and management concerns, consequences, applications and any potential challenges.

Upon completing this VAT course successfully, participants will be able to:

• Explain VAT and understand the depths of how it works
• Apply VAT procedures
• Prepare to pass a VAT audit successfully
• Review and improve their own VAT registration process
• Practice VAT calculations, and learn about the accounting principles and documentation requirements to file VAT returns accurately
• Comprehend the theory behind VAT and get an outline of the VAT regulations
• Identify the risks behind improper VAT management
• Recognize how to interpret their VAT balance
• Gain expertise in VAT implementation and learn how to navigate management challenges
• Explore VAT application across multiple industries – identify similarities and differences

This course is suited for:

• Finance Professionals
• Business Owners
• Finance Managers
• General Accountants
• Management Accountants
• Corporate Accountants
• Financial Controllers

This VAT Course outline covers a large area of information on Value Added Tax

• Fundamentals of Value Added Tax
• VAT Concept
• Categories of Supplies
• VAT Registration
• Date of Supply Rules
• Place of Supply Rules
• Value of Supply Rules
• VAT Exemptions
• VAT Calculation
• VAT Administration
• VAT Penalties
• VAT on Imports & Exports
• Reverse Charge Mechanism and VAT Imports
• VAT Invoices and Records
• Filling of VAT Returns