Value added tax compliance, How to calculate value added tax, How to introduce value added tax etc.
What you'll learn
How to introduce value added tax in your country
How to implement value added tax policies
Value added tax compliance
How to register for value added tax
How to measure value added tax success
Ways tax policy can help achieve the UN global goals
How to calculate value added tax
Requirements
Desire to learn more about value added tax
No special requirement
Description
A Value-added tax (VAT), is a consumption tax that is levied on the value added at each stage of a product's production and distribution. Value added tax is similar to, and is often compared with, a sales tax. Value added tax is an indirect tax because individuals do not pay it directly to the government instead, suppliers act as intermediaries by collecting the tax from customers at the point of sale and remitting it to the government. Specific goods and services are typically exempted in various jurisdictions. Products exported to other countries are typically exempted from tax, typically via rebate to the exporter.
Value added tax can be account-based or invoice based. All value added tax collecting countries except Japan use the invoice method. Using invoices, each seller pay value added tax on their sales and passes the buyer an invoice that indicates the amount of tax paid excluding deductions ( Input tax). Buyers who themselves add value and resell the product pay value added tax on their own sales ( output tax). Value added tax provides an incentive for businesses to register and keep invoices and it does this in the form of zero-rated goods and value added tax exemption on goods not resold. Through registration, a business documents its purchases, making them eligible for a value added tax credit.
One primary reason for institution of a value added tax versus sales tax is to ensure compliance. Because sales tax is only submitted at the final sales to the consumer, the government has little information to verify that a sale has been made or at what price, making enforcement difficult. Value added tax has no effect on how businesses organize, because the same amount of tax is collected regardless of how many times goods change hands before arriving at the ultimate consumer.
Who this course is for
CEO, Directors, managers, tax consultants, governments, accountants, business owners, retailers, manufacturers, companies, tax experts, general public etc.


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https://rapidgator.net/file/bb2d34a1e3f61b60fc600ebade00bd2b/Professional_Value_Added_Tax_(VAT).part1.rar.html