∙ To explain the specific VAT regulations applicable in the Czech Republic, Slovakia, Hungary and Romania based on practical examples,
∙ to provide comprehensive information on the VAT consequences of doing business abroad,
∙ to show the discrepancies between the VAT regulations in force in the selected countries,
∙ solve practical VAT problems encountered by trainees on a daily basis.

∙ interactive discussion of each item on the agenda,
∙ joint solving of VAT problems posed,
∙ numerous practical examples,

The training programme covers topics ranging from a concise introduction to value added tax to detailed national regulations. During the training, practical aspects of the VAT regulations applicable in the Czech Republic, Slovakia, Hungary and Romania will be discussed.
We will tell you, among other things, how to apply for a refund of input tax in excess of output tax, how to correct VAT returns in the event of an overstatement of VAT refunds, what conditions must be met in order to deduct input tax and what expenses do not give you such a right (i.e. whether you can deduct VAT on car expenses, entertainment, business trips, staff meetings and gifts). We will also tell you when an invoice can be considered formally valid, what elements a VAT invoice must contain and by what deadline it should be issued.
We will also point out when tax liability arises, what VAT reporting looks like and I will talk about tax audits and VAT sanctions. All these topics will be illustrated with practical examples.
The scope of the training covers VAT issues occurring in typical accounting processes (P2P, R2R, O2C) and is dedicated to the SSC/BPO industry.

1. Introduction to the VAT system (basic information about local VAT, tax authorities, and the VAT territory),

2. VAT taxpayers – VAT group (requirements, effects of VAT, formalities),

3. The VAT taxable base (what elements it covers, what should be excluded from the taxable base, non-VAT activities),

4. Adjustment of the taxable base (in what period should the adjustment be made, reasons for the adjustment),

5. Specific activities subject to VAT (transactions such as: gratuitous release of goods, gratuitous provision of services, transactions for own benefit),

6. Tax liability (principle, exceptions),

7. VAT rates (scope of activities covered by the standard rate, scope of activities covered by reduced rates, activities exempt from VAT, errors in rates, changes in rates),

8. Legal and fiscal requirements for VAT invoices (what elements are required on VAT invoices, by what date must a VAT invoice be issued, what other documents give the right to deduct VAT),

9. The deductibility of VAT (conditions, transactions not giving rise to a right of addition, partial deduction, time limits, procedure),

10. Reverse charge mechanism in domestic transactions,

11. Statute of limitations,

12. VAT reporting (VAT return, recapitulative statement, Intrastat + additional declarations),

13. VAT penalties and penalties for accountants and management in connection with infringement of VAT rules,

14. Specific national regulations (simplified import method, special schemes, recent or planned changes to VAT regulations),

15. Case study.

• In Polish version.

• As a closed training, exclusively for employees of your organisation or centre.