This course is specifically designed for individual and organization to understand the GCC VAT, VAT ACCOUNTING and VAT Return submission.
Objectives:
Emirates Center of Culture & Computer is glad to announce that they have trained key employees of 99 companies that include Directors, General Manager, Finance Managers, Accountant, Purchase, supply chain staff, Marketing and sales staff, Administration, bookkeeping and Audit firm staff and many more.
Note: Please request for a brochure to get complete details of this workshop.
Overview:
This course is specifically designed for individual and organization to understand the GCC VAT, VAT ACCOUNTING and VAT Return submission.
Outline
VAT- Awareness
- Direct & Indirect Tax
- Tax career in GCC
- Why VAT in UAE, Impact on UAE Economy
- How VAT frame work works and who pays VAT
- Understanding Executive Regulations
- UAE VAT terminology and interpretations
- Taxable supply (Standard, ZERO & Exempt).
- ZERO Rated and Exempted Industry analysis
- VAT Grouping
- VAT on Import and Export in GCC & others
- VAT registration and documentation
- VAT administrations, fines, Penalties
- Common errors in VAT calculations
- Appointment of Tax agent
- VAT treatment for Real state, Retail trade Financial services, Aviation & Service industries
- Detail Analysis for VAT on Free zone
VAT - Accounting
- VAT Invoicing
- VAT Accounting & Reporting
- VAT Return Submission
- FTA Audit preparation
- VAT Adjustment (Error Correction, Sales and Purchase Return, Bad debt, Warranty, Capital Asset Scheme,Transhipment Reverse Charge Mechanism, Deemed Supply, rebates)
- Record keeping
- VAT - Tax Planning & Tax Saving
- Strategic Pricing and Costing with VAT
- Business Impact –Pricing, Margin and cash flow
- VAT efficient Procurement and Inventory
- Management Accounting and Innovatie costing with VAT
- Risk analysis of NON - VAT implementation and compliance
- Strategies to keep 2017 price or below with VAT
- Few Strategies to take competitive advantage with VAT
What Will You Gain From The Course
- Understanding UAE - VAT Framework
- Knowing the Type of supply and industry analysis
- Understanding UAE and GCC VAT frame work
- Understanding the Executive regulations and implementations
- Practical understanding VAT Accounting and
VAT Return Submission
- Technical understanding of VAT Registration and Compliance
- Knowing the Risk of NON-VAT implementation and Penalty
- Understanding the VAT challenges
- Management Accounting with VAT
- Practical understanding some strategies for VAT challenges
- Know the background of VAT implementation in GCC
- Identify the pre-requisites before VATimplementation
- Recognize the competencies and skill set requirements
Target Audience
- Business Entrepreneurs, CEO , Directors, Department Managers
- CFOs , Finance Directors , Finance Managers
- Accounting, Finance Staff, Staffs dealing with Payable & Receivables
- Tax Managers, External and internal Auditors
- Procurement and Supply Chain Managers
- IT and IS Managers, Sales and Marketing Staff,
- Professional and Academic graduates
- Those who want to learn about VAT
Course Methodology
VAT - Awareness
- Lecture with Interaction
- Question and Answer session with Participants’ industry
- VAT consultancy for Participants’ industry scenario
- Practice of written activities for exploring taxation skills of participants
- VAT registration exercise
VAT - Accounting
- Lecture with Interaction
- VAT accounting activities with adjustment
- VAT return submission activity (2 hr)
- VAT Management Accounting Activities
- VAT calculation activity to test the understanding of participants
- Strategy discussion on keeping the 2017 Price even with VAT
Emirates Center of Culture & Computer is located in UAE that provides specialized training for Arabic language learners. The Arabic program is led by native speakers with a focus on written and Spoken Arabic along with an emphasis on Vocabulary and Grammar.
It also offers a range of other courses to assist the working professionals in UAE with diverse topics and fields like VAT, Finance, Budgeting, and other related courses.
The United Arab Emirates (UAE) implemented a Value Added Tax (VAT) on January 1, 2018, in a bid to diversify its revenue sources.
By attending our VAT Classes, you will learn how to manage your business' finances better. We offer you complete guidance to complete the certification.
This is a one-day VAT training course where topics like Input/output Tax, Registration & de-registration, Due tax assessment, VAT planning and Implementation, Transitional rules, violation & penalties related to VAT, and much more will be di
This four-hour long session will get you up to speed with the concepts, techniques, and understanding of VAT. It is an ideal program designed for Senior Executives, Business Owners, Finance Personnel, and more to understand the core concepts
This is one of the most important training program in UAE. This will give you a complete understanding and application of VAT rules and procedures to be applied while accounting, filing and all follow ups on Value Added Tax as it is mandator
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