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Value Added Tax

This course provides a comprehensive understanding of Value-Added Tax (VAT), its role in the economy, and its application in business operations. You will explore VAT categories, calculation methods, and compliance requirements to effectively manage VAT obligations and maximise financial efficiency.

Course Fee:

R250

Publisher:
LearnHUB, Regent Business School
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Duration

1 - 2 Hours or Self-Paced

Course Mode

Fully Online

Course Format

Interactive & Video Based Learning

"The Value Added Tax course provided a clear and practical understanding of VAT, from registration to calculating and filing returns. Real-world examples made it easy to apply the concepts, and by the end, I felt confident managing VAT compliance and understanding its impact on business operations. I highly recommend this course to anyone looking to enhance their VAT knowledge!"

Learning Outcomes:

By the end of this course, you should be able to:

  • Define VAT and its purpose in economic and business contexts.
  • Identify and distinguish between zero-rated, exempt, non-allowable, and standard-rated supplies.
  • Calculate VAT-inclusive, VAT-exclusive, and VAT amounts accurately.
  • Understand and reconcile Input VAT and Output VAT for financial reporting.
  • Apply VAT principles to real-world business scenarios for compliance and optimisation.

Meet our Expert Instructors

This course was crafted by our dedicated full-time lecturers. With extensive experience in both professional practice and education, our instructors excel at cultivating talent and maximising student potential.

Hasan Evans

Hub Manager, Regent Enterprise Development Hub | Lecturer

Hasan Evans is the Hub Manager at Regent Enterprise Development Hub, where he fosters innovation and entrepreneurial growth by supporting students and startups in their journey toward business success. With a robust academic foundation, Hasan also lectures in Financial Accounting, Managerial Accounting, Cost Accounting, Statistics, and Financial Management.
His expertise bridges theory and practice, empowering learners with the skills and knowledge needed to navigate complex financial landscapes and make data-driven decisions. Hasan is dedicated to cultivating a new generation of business leaders equipped to excel in a competitive and evolving global economy.

Certificate of Completion

At LearnHUB, we believe in recognising your achievements every step of the way.

That’s why you will achieve a certificate for every course that you successfully complete.

Skill Set Development

  • VAT registration
  • Calculating VAT
  • Filing VAT returns
  • Understanding VAT compliance
  • Managing input and output VAT
  • Identifying exempt and zero-rated goods/services
  • Handling VAT audits
  • Applying VAT in cross-border transactions
  • Maintaining accurate VAT records
  • Analyzing VAT’s impact on business operations

Frequently Asked Questions

In this course, you will learn the fundamentals of VAT, including registration, calculation, and filing of returns. The course covers key concepts such as input and output VAT, exemptions, zero-rated goods, and cross-border transactions. You will also gain insights into compliance requirements, record-keeping, and how VAT impacts business operations, equipping you with the skills to confidently manage VAT processes.

No specific prerequisites are required. This course is designed for individuals with no prior accounting experience who wish to gain a foundational understanding of accounting concepts. A general familiarity with basic math will be helpful but is not mandatory.

Upon successful completion of the course, you will receive a Certificate of Completion in Introduction to Accounting Principles. This certification can enhance your resume by demonstrating your understanding of accounting concepts, which is valuable for roles in business management, finance, and administration.

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