The VAT TAXABLE SUPPLIES & INPUT TAX CREDITS (Part 2 of 2) webinar session is designed for individuals, staff and financial management that are required to calculate and submit VAT returns for a business, and have no or very little understanding or knowledge of how to charge VAT on sales (taxable supplies) and expenses that can be claimed (input tax credits). This session provides much needed insight on the VAT to be charged and input tax credits that can be claimed, and under which circumstance.

Content discussed:

• Exempt Supplies
• NGO's, PGO's and WO's
• Agent vs Principle
• Company Cross Charges
• Recovery in the form of a management fee
• Recovery in the form of a cost recovery fee
• Recovery of disbursements
• Input tax credits specifically denied
• Entertainment exceptions
• Motorcar exceptions
• Notional input tax
• Second hand goods
• Tax invoices, Debit and Credit notes
• Electronic Invoices
• Reimbursements and corporate credit cards
• Day to day adjustments for example, discounts
• Exports – Direct and Indirect
• Imports – Value and time of supply

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