Description

Understanding VAT is more than just about calculating figures; it’s about understanding the journey of goods and services through various stages and how these transactions are recorded. 

As a bookkeeper, you play a vital role in tracking these changes and ensuring that VAT is applied correctly at each stage. This involves a thorough understanding of VAT rates, valid invoicing for VAT, input and output VAT, as well as exemptions. Background knowledge of the VAT Act and the Tax Administration Act is also vital. 

What you will learn

By attending this webinar you will gain the following competencies: 

• Gain an understanding of the background knowledge of VAT legislation. 

• Apply accurate VAT calculation methods in compliance with regulatory requirements.

• Understand the principles and implications of VAT periods, including monthly and bi-monthly cycles.

• Navigate the eFiling platform proficiently for VAT returns submission.

• Comprehend and adhere to deadlines for VAT returns submission to ensure regulatory compliance.