ΠΕΡΙΓΡΑΦΗ

Ιt is crucial for all professionals dealing with VAT matters, to become aware of the existence of the common system of VAT and particularly of the Principal EU VAT Directive which needs to be implemented by all EU Member States and how it governs the provisions of the National Law.

The program has been created to meet the trainees’ specific needs, by filling the gaps they have both in terms of knowledge and skills in implementing the provisions of the EU VAT Directive. Practical examples and case studies will be given to the attendees in order to create constructive communication between them and the lecturer.

This 6 hours’ seminar will enhance the knowledge of the participants, to be in line with the EU VAT Directive.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

The purpose of this training program is to offer to the participants a high level of interpretation of the EU VAT Directive and provide the knowledge and skills in implementing the provisions in order to enable them to correctly analyze the transactions they face on a daily basis, so as to mitigate VAT risks and achieve the correct VAT treatment.

Knowledge

• Explain the purpose of the existence of a common system of VAT
• Explain the fundamental principles of EU VAT
• Define the Five questions of VAT
• Identify the four transactions subject to VAT
• Acknowledge liabilities and obligations towards VAT authorities
• Recognise the exemptions

Skills

• Breakdown the logic of the EU VAT Directive
• Interpret the main definitions included in the EU VAT Directive
• Determine the main provisions of the EU VAT Directive
• Apply the basic provisions of the EU VAT Directive as to the place of supply, chargeable event, taxable amount, vat rates
• Recognise the exceptions of the basic rules as to the place of supply of services
• Identify who is liable for VAT payment
• Correctly apply the place of supply of taxable transactions
• Correctly assess the VAT recoverability of a taxable person.

Attitude

• Acknowledge and apply the EU VAT requirements;
• Appreciate key areas of impact in business transactions.
  

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This program is specifically designed for

• Accountants
• Tax Advisors
• Managerial Consultants
• other Professionals dealing with VAT matters
  

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

The seminar will cover the below topics:

PART 1: THE ROLE OF THE EUROPEAN BODIES

PART2: THE MAIN CONCEPTS OF THE VAT LAW

PART 3: FUNDAMENTALS DEFINITIONS

PART 4: PLACE OF TAXABLE TRANSACTIONS

PART 5

•Exemptions

•VAT Recoverability

PART 6

•Liability to pay VAT

•Obligation to register with VAT in Cyprus / VAT returns and analysis of the boxes