Page 3 - Chapter 32 - VAT Part 1
P. 3
Syllabus?
→ Refer to study unit 1 in the study guide for the KL‟s
Learning outcomes for VAT:
GENERAL:
→ Refer study guide, study unit 1 and Silke Chapter 32.
PART 1:
- What is VAT and how does it fit into the “bigger picture”?
- Basic principles of VAT journals?
- How do VAT registrations and VAT returns work?
- What type of VAT supplies could be made?
- When is “output tax” levied? (3 scenarios)?
- What are zero rated supplies and what are the requirements?
