The Consumption Tax training program provides a focused understanding of consumption-based taxation systems, including VAT and GST. Participants learn practical strategies for compliance and optimization within these tax frameworks.
Make a consumption tax calculation.
Describe the purpose of an invoice and the information that it contains.
Learn to write and interpret credit notes.
Describe a statement's major points and intended audience.
Practice cross-teaching exercises and case studies.
Describe the procedure and paperwork involved in the purchase.
Be familiar with how to write and understand a purchase invoice
Reconcile your creditors using an example.
Tax payers, advisors, consultants, and enforcement agencies.
Fiscal auditors.
Legal advice and attorneys.
General tax professionals.
Tax experts working for advising firms.
Novices in the trade and commercial industries.
Government employees.
Internal tax managers or directors.
Monetary analysts.
Sales tax definition.
Fundamentals of sales tax.
How to Calculate Sales Tax.
Sales tax case study.
Valuation Added Tax (VAT).
Excise Tax and Goods and Services Tax (GST).
Import taxes.
Tax on Retail Sales.
Income Tax vs. Consumption Tax.
Sales invoices.
Preparing invoices with and without trade discount.
Sales invoices with settlement discount.
Sales Credit Notes.
Case Study- Prepare invoices and credits for Jakes Palace.
The Purchasing process and checking invoices.
Case Study – Check a purchase invoice.
Coding invoices.
Coding invoices samples.
Case Study – Coding invoices.
