- Duration: 2 Days
Course details
AKW is proud to proactively launch VAT Return Filing, Implementation, Accounting & Bookkeeping workshops in Dubai, Sharjah and Ajman in the UAE. These specially designed sessions examines the rules and regulations of VAT as prescribed by the FTA and clearly clarifies the procedures, documentation, accounting standards and controls that should be in place to ensure VAT liabilities are accurately calculated and VAT returns are submitted accurately and on time. The program will give you a complete understanding of VAT, covering all the essentials topics and giving you the confidence to know if you are dealing with VAT correctly. This session will help you explore the VAT landscape in the GCC and make you fully ready to comply with all VAT reclaim and accounting related requirements on time, while minimising costs and errors, minimising risk of penalties & fines, streamlining procedures and optimising cash flow.The details of the course are as below
- General Principles of VAT
- Categories of Goods & Services in VAT
- Concepts of Place of Supply and Time of Supply
- Input VAT and its Calculations
- Output VAT and its Calculations
- VAT Compliance Requirements
- Format and explanation of UAE VAT Return
- VAT On Sales And All Other Outputs
- VAT On Expenses And All Other Inputs
- Conditions For Exercising Right Of Input Deduction
- Restrictions On Input VAT Deduction
- Goods Transferred to GCC Implementing States
- Transportation Of Own Goods To Other GCC States
- Recoverable VAT Paid In Other GCC Implementing States
- Filing Of A Tax Return
- Amending A Tax Return and Voluntary disclosures
- Payment Of VAT
- Mitigation of Fines and Penalties
- Procedure For Claiming A Refund
- Record Keeping
- Audits
- Q & A Session
Job roles this course is suitable for:
Finance Officer , Senior Tax Accountant , Group Tax SpecialistCourse Location
About AKW Tax Reclaim Accounting and Bookkeeping
AKW is a niche consulting firm, head quartered in Dubai, UAE. The team comprises of seasoned accountants, auditors and industry experts specializing in areas of Taxation, Financial Accounting, Tax Reclaim Services, Audit, Risk Management, Compliance, AML, Fraud Prevention, HR Consultancy, Corporate Governance, Business Setup and People & Change Management. We are the #1 tax reclaim, business bookkeeping and vat consultancy firm in Dubai. The team has worked extensively in the Middle-East, North Africa and South-East Asia and brings 50+ years Big-4 consulting experience with members well versed with local regulatory requirements. We help build tailored solutions, thereby helping our clients achieve their strategic ambitions. With a team of experts having experience in a wide variety of consulting, taxation according to UAE VAT Law, Audit and HR projects, AKW offers premium and personalized services which include detailed and comprehensive assessments and workshop solutions. Our team is comprised of Chartered Accountants, Tax experts, Business leaders, Industry experts and Entrepreneurs who will work with you on a very close basis to effectively strategize and provide business solutions, so that you are able to maximize on business opportunities.
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