Value Added Tax Principles and Calculation
Course Description: It aims to provide trainees with basic knowledge about value added tax and how to…
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Course Description:
It aims to provide trainees with basic knowledge about value added tax and how to calculate it accurately, in addition to understanding the mechanism of its application in various commercial transactions. Participants learn how to calculate value added tax on sales and purchases, and apply local and international laws related to the tax, which contributes to ensuring effective tax compliance.
Course Objectives:
1) Understanding value added tax: Learn the basics of value added tax and its principles and how to apply it in commercial transactions.
2) Calculating value added tax: Learn how to accurately calculate value added tax on sales and purchases, and understand how to deal with tax invoices.
3) Compliance with tax laws: Study local and international laws related to value added tax and ensure compliance with them in commercial operations.
4) Preparing tax reports: Learn how to prepare tax returns and submit them to the relevant authorities in accordance with legal requirements.
5) Dealing with tax examinations: Understand how to deal with tax examinations from the relevant authorities and ensure full compliance.
6) VAT Impact Analysis: Study how VAT affects costs and profits in commercial establishments.
7) VAT Management in Daily Operations: Learn how to apply VAT effectively in daily business activities.
8) Keeping up with changes in VAT laws: Understanding how to follow up on ongoing changes in tax legislation and ensuring compliance.
What Will You Learn?
- By studying the "VAT Principles and Calculation" course, the trainee will acquire the skills and knowledge necessary to understand the mechanism of applying VAT accurately and effectively. The most important of these skills are:
- 1) Understanding VAT: Learn the basics and main concepts of VAT and how to apply it in commercial activities.
- 2) Calculating VAT: How to calculate VAT on sales and purchases and accurately implement calculations in commercial transactions.
- 3) Preparing Tax Invoices: Learn how to prepare and submit invoices containing VAT in accordance with tax laws.
- 4) Compliance with Tax Laws: Learn how to deal with local and international VAT laws and ensure effective compliance.
- 5) Tax Reporting: Learn how to prepare monthly or annual tax returns in accordance with local and international requirements.
- 6) Dealing with Tax Inspections: How to deal with tax inspections from the competent authorities and ensure the submission of the required documents.
- 7) VAT Impact Analysis: Understand how VAT affects business costs and profits.
- 8) Keeping up with Tax Changes: Learn how to keep up with changes in tax legislation and ensure any new updates related to VAT are implemented.
