Accounting Management of VAT and Corporate Taxes

Basic accounting knowledge.

This course is an introduction to the accounting of the main direct and indirect taxes in Luxembourg.

It is articulated around a theoretical part on the general tax mechanism and the nature of the various taxes as well as a practical part composed of various exercises which will enable you to acquire the basic mechanisms of the accounting of these taxes in order to have the necessary knowledge to approach more complex transactions.

At the end of this training, the participant will be able to:

• understand the mechanisms of a VAT system
• know the different taxes on income

• VAT
  • The different VAT rates
  • The basic mechanisms of input and output VAT
  • Calculation and accounting for VAT
  • Basics of VAT obligations
• Income taxes
  • The main types of taxes
  • Accounting recording of taxes, provisions and payments