Preparation for VAT Implementation (SAP Setup)

Course details

The introduction of VAT in the Gulf Cooperation Council (GCC) members has experience remarkable and far-reaching changes to the accounting and management practice.
The UAE, Saudi Arabia, Qatar, Bahrain, Kuwait, and Oman have all announced their planning to introduce VAT effectively from January 1, 2018, at a rate of 5%. 
This specially designed VAT Training program examines the rules and regulations of VAT and clearly demonstrates the procedures and controls, and how it should be in place, in order to ensure that VAT returns are submitted accurately and on time.
This seminar will provide you a complete and comprehensive understanding of VAT, covering all the essentials topics and grant you the confidence to know if you are dealing with VAT correctly.
Workshop Content:
Global VAT development & Latest updates for UAE

1. Understand the concept of VAT and its impact on the economy
2. How does VAT works
   • Calculate Input VAT and Output VAT                                                 
   • Categorize the supplies for VAT calculation
   • Differentiate Accounting methods concerning VAT
3. UAE Compliance Requirements
4. Impact of VAT on UAE business and individuals
5. Eastern Europe experience of dealing with VAT and tax planning
6. Adjustments to ERP system needed (based on SAP)

Updated on 19 March, 2018