Tax Courses

Value-added refers to the difference between a product's selling price and its production cost, determined by customers' perceived value.

Introduction

What is Value Added Tax?

Features of Value Added Tax

What is Value Added?

The Concept of Value Added Tax

Application of the VAT System - I

Application of the VAT System - II

Application of the VAT System - III

The Nigerian VAT System

Quiz

The Concept and Overview of VAT

In this module, we will learn about different terminologies in VAT such as 
Taxable Person
Supply
Tax Invoice
Place Of Supply
Input Vat
Output 

Terminologies in VAT

A Taxable Person

The Supply

A Tax Invoice

Place of Supply

Input VAT

Reverse Charge

Categories of Companies in Taxation

Understanding Key Terminologies in VAT

In this module, we dive into the benefits of compliance. Learn your obligations as a business owner.

Recap of the previous module

Benefits of Compliance I

Benefits of Compliance II

What Are Your Obligations as a Business Owner - A

What Are Your Obligations as a Business Owner - B

Establishing Input VAT

Deduction of VAT At Source

VAT and My Business

Have you ever wondered as a company what category you belong to? This answer will help you know what VAT works for you. The offenses and penalties. 

Recap of Module 3

Conditions That Applies to Companies Based on Their Categories

Medium &amp; Large Companies

Value Added Tax_Module4D_Non Resident Companies

Offences And Penalties A

Offences And Penalties B

VAT by Company Category, Offences & Penalties

Value-added tax (VAT) is a consumption tax levied on goods and services at each stage of the supply chain, from initial production to the point of sale. It is a broad-based tax that applies to most goods and services, and it is designed to ensure that tax is paid on the full value of a product, not just on the value added at each stage of production. Benefits of VATVAT has a number of benefits, including:<ul><li>It is a broad-based tax that is relatively easy to collect and administer.</li><li>It is a self-policing tax, as businesses are incentivized to ensure that they collect and pay the correct amount of VAT.</li><li>It is a fair tax, as it applies to all businesses and consumers.</li><li>It is a transparent tax, as the amount of VAT paid on each product is clearly displayed.</li></ul>

As a small business owner, do you get scared when you are asked to pay TAX? Do you even know how to calculate what to pay as your tax? Stay tuned in this course because all the hidden secrets about TAX and VAT will be broken down with ease.

Value Added Tax: The Concept and Overview of VAT

Nigeria Tax Academy

Course Details

Course content

Includes