VALUE ADDED TAX

Unit 1: Introduction to VAT

• Introduction to VAT
• Basic VAT Concept and Terminology
• VAT Act and Regulations

Unit 2: VAT Registration 

• Who needs to Register for VAT
• How to Register for VAT
• Voluntary Registration and Deregistration

Unit 3: VAT Records

• Record-keeping Requirements
• Invoicing Rules and Requirements
• Filing VAT Returns and Payment of VAT
• Electronic Filing and Payment

Unit 4: VAT Rates and Exemptions

• Standard VAT Rate and Zero-rated Supplies
• Exempt Supplies
• Special VAT Rules for Certain Goods and Services

Unit 5: Input Tax and Output Tax

• Input Tax and Output Tax
• How to Claim Input Tax Credits
• Adjustments to Input Tax and Output Tax

Unit 6: VAT Audits and Assessments

• The VAT Audit Process
• Common Issues in VAT Audits
• How to Deal with VAT Assessments
• VAT Dispute Resolution Process

Unit 7: VAT and E-commerce

• VAT Rules for Online Sales
• Cross-border E-commerce and VAT
• VAT on Digital Services

Unit 8: VAT and Specific Industries

• Special VAT Rules for Industries such as Agriculture, Mining Services
•  VAT Implications for Real Estate Transactions

Unit 9: VAT and Compliance

• Common Errors in VAT Compliance
• Penalties for Non-compliance
• Best Practices for VAT Compliance
• SARS Voluntary Disclosure Program

Unit 10: Recent Developments in South Africa

• Changes in VAT Legislation
• Court Cases Related to VAT
• SARS Updates and Guidance on VAT

Unit 11: VAT Period

• VAT Periods
• VAT Dispute Resolution Process