Fundamentals of VAT

After you've completed the Fundamentals of VAT training, you will be able to:

• Identify the advantages and disadvantages of VAT and how it fits into the tax landscape around the world
• Recognize and understand how VAT operates, particularly with regards to both input and output tax, to ensure it remains neutral in it's application by businesses
• Identify how VAT can be applied to goods and services, including both electronic goods / services and to international transactions
• Apply the concept of taxable person, EU VAT group, and fixed establishment, according to the recent ECJ decisions
• Interpret how VAT works within the European Union’s free market, including the measures introduced to address the impact of COVID-19 and the new VAT e-commerce rules
• Define how the system allows for neutrality by ensuring that imports and exports are neither advantaged nor disadvantaged over domestic supplies
• Gain an understanding of the impact of VAT exemptions and how tax is calculated for businesses handling exemption supplies
• Categorize some of the most important administrative issues that VAT requires

A range of topics will be covered in this course, including:

• Output tax and input tax
• The concepts of taxable persons, EU VAT group and fixed establishment
• The new VAT e-commerce rules
• The impact of exemption in VAT

We recommend this course to practicing tax professionals, but it can also be very useful for students in law school or pursuing a degree in taxation. 

It can be used as additional study material in preparing for the CIOT examination - Advanced Diploma in International Taxation (ADIT – Module 3.02 - EU VAT Option). You can find further information about this qualification on the ADIT website.

IBFD's VAT online training course introduces the basics of VAT. No prior knowledge of VAT is necessary, as this course will build from an absolute basic level and gradually cover more advanced, complex issues such as exemption and internationally traded services.

Online - QAS Self Study

IBFD's online VAT modules include audio lessons, self-study lessons, and optional further reading. The components of the training are as follows:

• Audio lesson: 4 hours
• Self-study: 8 hours
• Further reading (optional)
• Please note: access to the course and it's materials is granted for a period of 2 months from the date of ordering. 

International Online Tax Courses in many cases qualify for CPE credits, subject to the rules of respective business tax professional associations. Participants are encouraged to check with their professional and/or national associations to determine eligibility in this respect.

International Bureau of Fiscal Documentation (IBFD) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of CPE on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Issues regarding registered sponsors may be submitted to the National. Registry of CPE Sponsors through its website: www.nasbaregistry.org. Recommended NASBA CPE credits for this course is: 14 points

To earn a certificate, participants must complete all mandatory components. The syllabus and FAQ on the learning platform provide detailed completion requirements.

For more information, please consult our FAQ. For administrative policies like complaints, cancellations, and refunds, refer to our Terms and Conditions or feel free to contact us at: info@ibfd.org.