Course in Value Added Tax (70912)

Short Learning Programmes

Duration: One Year

Language medium: English

Target group:

The course is suitable for:
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

Admission requirements:

Senior certificate, National Senior Certificate or equivalent NQF level 4 qualification

Registration periods:

The course commences on 1 March. The closing date for registration is 29 February.

Course leader details:

Ms Ruyaida Moosa MCompt, CA(SA)
Department of Taxation
Discipline expertise: Taxation
Office AJH van der Walt-building (Muckleneuk campus, Pretoria) UNISA
Tel: 012 429 4358
Email: VATXenquiries@unisa.ac.za

Programme administrator:

Admin Officer
Unisa Centre for Lifelong Learning
360 Lillian Ngoyi Street, Pretoria Central
Solomon Mahlangu Building 2nd floor
Tel: 012 352 4288
Email address: UCL@unisa.ac.za
Application Link: www.unisa.ac.za/applyslp

Purpose statement:

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.

Modules:

VATX013 - Course in Value-Added Tax

Content:

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