unisa South African Qualification Authority Reg. 70912 - NQF 6 - Module Code. VATX013

Certificate Course in Value Added Tax 2018

  • Lectures 0
  • Modules 11
  • Duration 11 months
  • Language English
  • Reviews (5)

Description

The objective of the course was designed to teach students the principles of Value-Added Tax in a practical way. It covers the entire field of VAT and concentrates on the calculation and recording of VAT transactions.


Course Delivery

The course is delivered by The Tax Faculty and accredited by UNISA.


Who should enrol for this course?

The course will benefit:

·         Employees of SARS

·         People in smaller businesses with a more formal business structure such as a close corporation or  company

·         Persons involved in VAT audits and investigations

·         Persons involved in VAT matters in public practice

·         Persons who want to further their studies in the field of taxation


Registration

The course commences 1 March 2018. The closing date for registration is 10 January 2018.  No late registrations will be accepted.


Registration requirements

National Senior Certificate or equivalent.


Assessment and Award of Certificate

Course participant will be required to complete various assignments and a two-hour closed-book examination. The submission of the first assignment is compulsory for admission to the examination.

A two-hour paper will be written in October/November. The marks obtained in the average of the two assignments constitute 20% of the examination mark. A total mark of 50% will be required for the successful completion of the course.

On successful completion of the course, course participants will be awarded a certificate by the University.


Value Added Tax Syllabus/Content Topics

Study Guide 1: 


  • Introduction 
  • General background on VAT 
  • The VAT Act 
  • Accounting basis 
  • Registration and tax periods 
  • Types of supply 
  • Taxable supplies 
  • Exempt supplies 
  • Goods imported and imported services 
  • Tax invoices and other documentation 
  • The VAT return 

 

Study Guide 2: 

 

  • Input tax 
  • Deemed supplies 
  • Time and value of supply 
  • Adjustments for change in use 
  • Exports 
  • Supply of a going concern 
  • Deregistration 
  • The VAT return 

 

Study Guide 3: 

  • Fixed property transactions 
  • Deceased estates 
  • Insolvent estates and VAT 
  • The agricultural sector 
  • Financial services 
  • Tax Administration Act 
  • Objection and appeal, tax liability, payment and recovery of tax 
  • Penalties, interest and other sanctions, planning considerations and transitional rules 


The Tax Faculty Fees

Payment option 1: Once-off payment


R13 950-00 (This amount includes your all course fees, excluding prescribed textbooks). 


Payment option 2 : Debit order


First payment: R3250-00


10 Instalments:  R1 270-00 per month 


** The Course Fee includes all study material and lectures through The Tax Faculty, but excludes prescribed books***

 


Curriculum

Value Added Tax - Study Guide 1

Lesson 1 - Introduction

Lessons not available yet.

Value Added Tax - Study Guide 1

Lesson 2 - General Background on VAT

Lessons not available yet.

Value Added Tax - Study Guide 1

Lesson 3 - The VAT Act

Lessons not available yet.

Value Added Tax - Study Guide 1

Lesson 4 - Accounting Basis

Lessons not available yet.

Value Added Tax - Study Guide 1

Lesson 5 - Registration and tax periods

Lessons not available yet.

Value added Tax - Study Guide 1

Lesson 6 - Types of Supply

Lessons not available yet.

Study Unit 1 - Value Added Tax

Lesson 7 - Taxable Supplies

Lessons not available yet.

Value Added Tax - Study Guide 1

Lesson 8 - Exempt Supplies

Lessons not available yet.

Value Added Tax - Study Guide 1

Lesson 9 - Goods imported and imported services

Lessons not available yet.

Value Added Tax - Study Unit 1

Lesson 10 - Tax Invoices and other documentation

Lessons not available yet.

Value Added Tax - Study Unit 1

The VAT return

Lessons not available yet.

Instructors

Wessel Smit
Wessel Smit
Wessel is a chartered accountant and specialises i...

Reviews

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    The Online Etymology Dictionary explains that the origin of job is from the obsolete phrase jobbe of work in the sense of piece of work, and most dictionaries list the Middle English gobbe meaning lump (gob) as the origin of jobbe. Attempts to link the word to the biblical character Job seem to be folk etymology.

  • alt

    The Online Etymology Dictionary explains that the origin of job is from the obsolete phrase jobbe of work in the sense of piece of work, and most dictionaries list the Middle English gobbe meaning lump (gob) as the origin of jobbe. Attempts to link the word to the biblical character Job seem to be folk etymology.

    • alt

      The Online Etymology Dictionary explains that the origin of job is from the obsolete phrase jobbe of work in the sense of piece of work, and most dictionaries list.

    • alt

      The Online Etymology Dictionary explains that the origin of job is from the obsolete phrase jobbe of work in the sense of piece of work, and most dictionaries list.

  • alt

    The Online Etymology Dictionary explains that the origin of job is from the obsolete phrase jobbe of work in the sense of piece of work, and most dictionaries list the Middle English gobbe meaning lump (gob) as the origin of jobbe. Attempts to link the word to the biblical character Job seem to be folk etymology.