VAT Refund Processing
and VAT Deferment
Training for Revenue
Authority
31 March – 04 April 2025
Sandton Centre Jhb South Africa,
Register Now! Limited Seats Available!
R19, 999.00 Per Delegate
Course Description:
The VAT Refund Processing and VAT Deferment Training for Revenue Authority is designed to provide participants with comprehensive knowledge and practical skills related to VAT refund processing and VAT deferment. Through a combination of lectures, case studies, practical exercises, and discussions, participants will gain a thorough understanding of the processes, procedures, and best practices involved in managing VAT refunds and deferment schemes.
The course will cover key topics such as VAT refund eligibility criteria, documentation requirements, application procedures, compliance with legal and regulatory frameworks, risk management, stakeholder engagement, and IT systems and automation. Participants will also learn how to conduct VAT refund audits, address non-compliance issues, and implement strategies for continuous improvement.
By the end of the training, participants will be equipped to effectively process VAT refunds, manage VAT deferment schemes, ensure compliance with VAT regulations, and engage with stakeholders involved in VAT administration. The course will also explore emerging trends and future challenges in VAT administration, enabling participants to adapt to evolving tax policies and regulations.
Guest speakers from regulatory bodies, tax authorities, and industry experts will also provide insights and perspectives on VAT Refund Processing and VAT Deferment schemes.
Objectives
- Equip participants with the knowledge and skills required to effectively process VAT refunds and manage VAT deferment schemes.
- Provide insights into the legal and regulatory framework governing VAT refund processing and VAT deferment.
- Enhance participants’ ability to identify and mitigate risks associated with VAT refund processing and VAT deferment.
- Foster collaboration and engagement with stakeholders involved in VAT administration.
- Enable participants to implement best practices and continuous improvement initiatives in VAT administration.
Who Should Attend:
- Tax officials responsible for VAT administration and enforcement
- Finance professionals involved in VAT compliance and reporting
- Legal professionals specializing in tax law and regulations
- Auditors and compliance officers tasked with monitoring VAT refund processing and VAT deferment
- Representatives from businesses and industries impacted by VAT regulations
Course Outline:
Introduction to Value Added Tax (VAT)
- Definition and concept of VAT
- Importance of VAT in revenue generation
- Overview of VAT refund processing and VAT deferment
VAT Refund Processing
- Understanding VAT refund eligibility criteria
- Documentation required for VAT refund claims
- Procedures for submitting VAT refund claims
- Reviewing and verifying VAT refund applications
- Handling appeals and disputes related to VAT refund claims
VAT Deferment
- Definition and purpose of VAT deferment
- Eligibility criteria for VAT deferment
- Procedures for applying for VAT deferment
- Monitoring and compliance with VAT deferment regulations
- Managing risks and fraud in VAT deferment schemes
Case Studies and Practical Exercises
- Analyzing real-life scenarios related to VAT refund processing and VAT deferment
- Hands-on exercises to apply theoretical knowledge to practical situations
- Group discussions and problem-solving sessions
Legal and Regulatory Framework
- Overview of relevant VAT laws and regulations
- Compliance with international VAT standards (if applicable)
- Updates on recent changes in VAT legislation
Best Practices and Continuous Improvement
- Strategies for streamlining VAT refund processing and VAT deferment procedures
- Benchmarking against global best practices in VAT administration
- Implementing feedback mechanisms for continuous improvement
Compliance and Audit
- Conducting VAT refund audits
- Ensuring compliance with VAT regulations and guidelines
- Addressing non-compliance issues and implementing corrective measures
IT Systems and Automation
- Utilizing IT systems for efficient VAT refund processing and VAT deferment
- Implementing automation to reduce processing times and enhance accuracy
- Integrating VAT refund and deferment processes with existing revenue management systems
Stakeholder Engagement
- Collaborating with taxpayers, businesses, and other stakeholders
- Communicating effectively with taxpayers regarding VAT refund and deferment procedures
- Building trust and transparency in VAT administration
Conclusion and Future Trends
- Recap of key learnings
- Identifying emerging trends and challenges in VAT administration
- Strategies for adapting to future changes in VAT policies and regulations
Site Visit
End Of Workshop
IN HOUSE AND ONLINE TRAINING
While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.
For Registration and other Training arrangements,
contact us on the detail below.
SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com
