This course will help you recognize the terms, principles and basic mechanics of the VAT and Luxury Sales Tax. Effective management of VAT cash flow is an important part of overall Company cash flow. Knowledge of basic mechanics of input output tax is essential in making an effective cash flow plan.
Overview
This course will help you recognize the terms, principles and basic mechanics of the VAT and Luxury Sales Tax. Effective management of VAT cash flow is an important part of overall Company cash flow. Knowledge of basic mechanics of input output tax is essential in making an effective cash flow plan.
Objectives
- Understand the definition of taxable entrepreneurs and VAT collectors
- Understand what are the VAT objects, taxable goods and services as well as type of transactions that are considered as a taxable delivery
- Able to calculate VAT and understands when VAT needs to be paid to the Tax Office
- Understand the implication of doing business with VAT Collector
Target Participants
This course is designed for Managers or Supervisors of Finance or Procurement Departments and other supervisors who deals with service providers and contracts.
