ΠΕΡΙΓΡΑΦΗ

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

Goals and Objectives:
After the seminar, participants will be able to:
•Enhance their knowledge practicability in relation to the operation of the VAT system and its effect in their company operations;
•Appreciate key areas of impact in business transactions;
•Gain a positive attitude towards the VAT treatment of simple transactions;

•Adopt new practices in transaction analysis that will lead the participants to correct VAT treatment;
•Be encouraged to keep up to date with VAT developments.The offered Professional Training Course has been approved by the Human Resources Development Authority of Cyprus (HRDA).

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

PART A:

Basic Definitions
•Principles of VAT / The five questions
•Taxable person•Economic activity
•Taxable Supplies
•Exempt supplies
•Outside the scope supplies
PART B:

VAT Registration
•Compulsory
•Voluntary

VAT Deregistration•Compulsory
•Voluntary

•Practical Questions

PART D:

Transfer of a business as a Going Concern (TOGC)

PART E:

Recoverability of Input VAT
•Deductible and non-deductible VAT
•Pre-registration input VAT

•Practical Questions

PART F:

VAT Assessments & Objections

PART G:

VAT compliance
•VAT Returns
•VAT Refunds
•Correction of Errors
•Discounts•Bad Debt Relief
•Gifts•Penalties

PART H:

Tax point -Timing of Supply

PART I:

Supply of Goods
•Acquisition
•Imports
•Dispatches
•Exports
•Triangulation

PART J:

Supply of Services

PART K:

Receipt of Services -Reverse Charge Mechanism (RC)
•How the mechanism works
•When the mechanism is applied
•Practical Examples