Duke Training Centre VAT Duke Training Centre
السعر: 163 USD
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  • مدة الدورة التدريبية: 6 ساعات
  • مواعيد الدورة: استفسار

    تفاصيل الدورة

    What is Tax?

    Tax is the means by which governments raise revenue to pay for public services. Government revenues from taxation are generally used to pay for things such public hospitals, schools and universities, defence and other important aspects of daily life.
    There are many different types of taxes:
    • A direct tax is collected by government from the person on whom it is imposed (, income tax, corporate tax).
    • An indirect tax is collected for government by an intermediary ( a retail store) from the person that ultimately pays the tax (, VAT, Sales Tax).
    What is VAT?
    • Value Added Tax (or VAT) is an indirect tax. Occasionally you might also see it referred to as a type of general consumption tax. In a country which has a VAT, it is imposed on most supplies of goods and services that are bought and sold.
    • VAT is one of the most common types of consumption tax found around the world. Over 150 countries have implemented VAT (or its equivalent, Goods and Services Tax), including all 29 European Union (EU) members, Canada, New Zealand, Australia, Singapore and Malaysia.
    • VAT is charged at each step of the 'supply chain'. Ultimate consumers generally bear the VAT cost while Businesses collect and account for the tax, in a way acting as a tax collector on behalf of the government.
    • A business pays the government the tax that it collects from the customers while it may also receive a refund from the government on tax that it has paid to its suppliers. The net result is that tax receipts to government reflect the 'value add' throughout the supply chain. To explain how VAT works we have provided a simple, illustrative example below (based on a VAT rate of 5%)
    What is the difference between VAT and Sales Tax?

    A sales tax is also a consumption tax, just like VAT. For the general public there may be no observable difference between how the two types of taxes work, but there are some key differences. In many countries, sales taxes are only imposed on transactions involving goods. In addition, sales tax is only imposed on the final sale to the consumer. This contrasts with VAT which is imposed on goods and services and is charged throughout the supply chain, including on the final sale. VAT is also imposed on imports of goods and services so as to ensure that a level playing field is maintained for domestic providers of those same goods and services.
    Many countries prefer a VAT over sales taxes for a range of reasons. Importantly, VAT is considered a more sophisticated approach to taxation as it makes businesses serve as tax collectors on behalf of the government and cuts down on misreporting and tax evasion.

    Course Outline

    Day1
     
    Introduction to TAXES & VAT
    Background & Economical Facts
    VAT Principles
    VAT & GCC
    Difference between VAT & Sales Tax
    VAT Rates
    VAT Terminologies (as defined by Ministry of Finance)
    Applicability of VAT
    VAT developments
    Who & how one can object on VAT
    Accounting Entries for VAT
     
    DAY 2

    How VAT works
    Who is required to register for VAT
    Taxable Supplies
    Zero Rated Supplies
    Exempt Supplies
    VAT Groups
    VAT related responsibilities for Business
    VAT Returns
    Bad Debt Treatment
    Fully VAT Taxable Business
    Exempt Business
    Mixed Business
    Types of Supplies
     
    Day 3

    Compliance
    Penalties for non-compliance
    VAT Invoice
    Conditions for VAT claim on Expenses
    VAT on import
    Claim & Documentation
    Challenges
    VAT Records
    Industry Focus (Construction, Education, Real Estate etc)
    Sector Focus
      تحديث بتاريخ 11 September, 2018

    نبذة عن معهد Duke Training Centre

    Duke Training Centre (DTC) through its integrated learning approach that ensures that new knowledge can be applied to real life situations, Duke Training Centre delivers a full range of technology and business skills training from basic application and desktop productivity tools to complex and IT systems.

    As a learning solutions provider for many of the industry's top vendors, such as Microsoft, Oracle Solaris, Cisco, Citrix, PMP, ITIL & CEH, Duke Training Centre is dedicate to offer the latest authorized curriculum delivered by certified instructors to keep you on the cutting edge of technology. Whether you are searching for an answer for the complex training needs of a large, multi-location business, or an individual seeking the skills to excel in a new or expanding career path, Duke Training Centre is your integrated learning solution provider.

    Duke’s training solutions in IT, Banking, Finance and Insurance, Knowledge Process Outsourcing (KPO), Business Process Management (BPM), Executive Management Education, Vocational Skills, School Learning Solutions and Communication and Professional Life Skills has impacted Hundreds if learners since its inception in Year 2003. Duke’s expertise in learning content development, training delivery and education process management make it the most preferred training partner, worldwide.

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