Services

Introduction to Value Added Tax

Value Added Tax (VAT) is the world’s most widely used transaction tax system but its principles and practical application remain a mystery to most U.S. companies, even those that operate in countries where VAT has been adopted. This course focuses on the basic principles of VAT as they apply to both in-country and cross-border transactions involving goods and services. The course includes a number of brief exercises to reinforce understanding of the tax.

Delivery Method :
Instructor Led (Group Live)

CPE Credit:
12

Course Level :
This course provides attendees a basic understanding of Value Added Taxes.

Audience
This course is designed for those with little or no knowledge of VAT.

Program Content

• The European Union
• European VAT Directives
• Principles of VAT
• Liability to VAT
• Exempt Supplies
• Partial Exemption
• Place of Supply
• Imports of Goods
• Exports of Goods
• Intra-EU Trading
• Warehousing of Goods
• International Services
• Inter-company Charges
• Time of Supply
• Value of Supply
• Invoicing Requirements
• Recovery of VAT
• Marketing Activities
• Business Promotion Schemes
• Gifts, Entertainment & Sponsorships

Prerequisites
No advanced preparation is required.

Advanced Preparation

No advanced preparation is required.

Learning Environment:
The Introduction to Value Added Tax course is presented in a participative live group environment.

Course Fee
$1,250 per person

Schedule 2008

Contact Information

• For questions regarding Transactional Tax Web Classes please contact Training Registration @ 1.800.281.1900

Complimentary Offerings

Vertex® Sales Tax and Consumer Use Tax Training - O Series™