VALUE ADDED TAX (VAT)

Learners Point

VALUE ADDED TAX

(VAT)

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VAT implementation training program is designed to

provide a comprehensive outlook at VAT and its implications to the businesses in UAE and its impact on stakeholders outside of UAE also. This program will take you through step by step process for VAT implementation.

The course will provide a comprehensive understanding of the VAT system, from the compliance aspects of registration, record keeping requirements, returns and payment obliga-tions and VAT inspecobliga-tions to the practical consideraobliga-tions of how VAT will affect the organization, the strategic decision making required, as well as the fundamentals of accounting for VAT in the accounting system.

Training summary

Located at the

heart of Dubai

We are also associated with CPD UK, the premier accreditation service provider in the United Kingdom.

Learners Point is a well-recognized institute in

corporate and individual training in the MENA region and has contributed to the career success of more than 110,000 professionals since its founding in 2001. We are ISO 9001:2015 quality management system certified.

Objectives

Objectives

By the end of this course, delegates will learn to:

• Understanding the concept of VAT and

its impact on the economy

• Understanding the impact of VAT on the operational

and the financial performance of the business

• Differentiating various types of

supplies with reference to VAT

• Differentiating Input VAT and output VAT

• Categorizing the supplies for VAT calculation

• Understanding the impact of VAT on the imports

and Exports to GCC and other countries

• Preparing the invoices including VAT

• Preparing for VAT registration

• Understanding VAT administration, fines and

penalties related to VAT filing

Course outline

Course outline

VAT concept VAT and UAE

VAT registration VAT calculation VAT administration

VAT on

imports/exports VAT invoices and record keeping VAT errors

Course outline

VAT concept

• Concept of VAT

• Motive for VAT

• Input VAT

• Output VAT

• Supplies

• Goods

• Services

VAT and UAE

• Reason behind VAT implementation in UAE

• Impact of VAT on UAE economy

• Impact of VAT on the businesses

• Why VAT in UAE is different than rest of the world

Course outline

VAT registration

• Rules for VAT registration

• Rules for VAT de-registration

VAT calculation

• When should VAT be accounted for?

• Calculating input VAT (sales, services and gifts)

• Calculating output VAT (purchases)

• Short case study case study for the VAT calculation

VAT administration

• Filing VAT returns

• VAT schemes

• Timing for VAT filing

• Substantial traders

Course outline

Categories of supplies

• Taxable supplies

• Reduce rated supplies

• Zero rated supplies

• Exempt supplies

VAT penalties

• Late submission penalties

• Late payment penalties

• Error and penalties

• Default interest rate

VAT on imports/exports

• Calculating output VAT on imports from

the member countries and non-member countries

• Calculating input VAT on export to

Course outline

VAT invoices and record keeping

• Layout of the VAT invoice • Charging VAT on invoice price • VAT invoices record keeping

VAT errors

• Pre-registration input VAT calculation • Relief calculation

We, at Learners Point, take immense pride in our teach-ing methods and instructors. Our instructors are some of the best experts from their fields and employ a practical approach to learning. Many of them are globally recog-nised and have a diverse set of experience in their field of expertise. You are always sure to have the best in the industry as your teachers who are ready to guide you at every step and make the experience informative yet enjoyable. Apart from the focus on learning your chosen course, our instructors also encourage students to devel-op communication skills and interpersonal skills neces-sary to excel in the practical world. We offer one of the best Value Added Tax (VAT) courses in Dubai.

Trainer

About our trainer

Students review

Student review

Fiore Creado

“My overall experience was wonderful with Learners Point team. Our trainer knew in and out of the subject and shared a lot of insights which can help me at my workplace to be more effective. Moreover, it was a good opportunity to network with people of same interest. Thank you Leaners Point and I recommend this program to all who would to excel at their work- place."

Anu Agarwal

+971 (04) 403 8000 | (04) 3266 880

[email protected]

#610 - Business Center, Burjman Metro Station Exit 4, Mashreq Bank Building - Dubai