GCC countries have decided to implement Value Added Tax in the entire region through a treaty signed by all member countries. UAE has already implemented the VAT laws and regulations with effect from January 1, 2018, along with Kingdom of Saudi Arabia followed by Kingdom of Bahrain in 2019. The Sultanate of Oman is the 4th country in the GCC region to introduce the VAT regime.
This VAT training program is designed for people who are looking to understand the new system of Value Added Taxation and its practice as per the regulations of the federal authorities
This Course contains Practical Work involving Practical Hands-On, Lab Assignments, and Real World Case Studies. This Practical Work can be done at your own pace.
VAT Advanced Outline:
- Scope of Tax
- Supply of Goods & Services
- Deemed Supplies
- VAT Registration
- Date of Supply Rules
- Place of Supply Rules
- Value of Supply Rules
- Profit Margin Scheme
- Zero-rate Supply of Goods & Services
- Industry-wise Impact of Zero-rated Supply of Goods & Services
- VAT Exemptions
- Single & Mixed-use Supply
- Reverse Charge Mechanism and VAT on Imports
- Designated Zone & It’s VAT Impact
- VAT Calculation & Payment of VAT
- Partial VAT Exemption
- Capital Asset Scheme
- Reversal/Adjustment of Output VAT
- Tax Invoice & Tax Credit Note
- Violations & Penalties
- Record Keeping process
Who should attend?
- Business Owners
- Finance Professionals
- People in Payable & Receivable Accounts
- Internal and External Auditors
- People in Sales and purchasing
- Individuals interested in learning VAT
- Finance Managers
Certified & Professional Trainers
Our faculties are qualified & industry experts with significant experience in their domain.
Live Instructor Led Training
We conduct live classes through GoToMeeting, Zoom and other live meeting software.
Cloud e-learning portal
Get live class notifications, view class recordings, or practice questions all in one access.
Flexible Batch Timings
All our batch schedules are designed to support work while you study principle.
We guide you to benefit from the newly acquired global professional certification.
Reputed Study Materials
We provide internationally reputed study materials with our customized success slides.