VAT Learners Point Training Institute

The VAT implementation training program is designed to provide a comprehensive outlook on VAT and its implications to the businesses in UAE and its impact on stakeholders outside of UAE also. The 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, recordkeeping requirements, returns and payment obligations and VAT inspections to the practical considerations of how VAT will affect the organisation, the strategic decision making required, as well as the fundamentals of accounting for VAT in the accounting system.

UAE / GCC VAT IMPLEMENTATION TRAINING COURSE OBJECTIVES   
  • 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
  • Identifying common errors in VAT calculation
UAE / GCC VAT IMPLEMENTATION TRAINING 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
  • Gulf VAT Framework
  • 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
  • Claim for VAT Refunds
  • CATEGORIES OF SUPPLIES
  • Taxable Supplies
  • Reduce rated Supplies
  • Zero rated Supplies
  • Exempt Supplies
  • VAT PENALITEIS
  • 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 member and non-member countries
  • 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
  • Valuation of Supplies

This course is no longer available.

Learners Point Training Institute VAT Learners Point Training Institute
Price: AED 800
Instructor led live virtual classroom online. Classes may be individual or in group.
  • Timings: Flexible

Course details

The VAT implementation training program is designed to provide a comprehensive outlook on VAT and its implications to the businesses in UAE and its impact on stakeholders outside of UAE also. The 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, recordkeeping requirements, returns and payment obligations and VAT inspections to the practical considerations of how VAT will affect the organisation, the strategic decision making required, as well as the fundamentals of accounting for VAT in the accounting system.

UAE / GCC VAT IMPLEMENTATION TRAINING COURSE OBJECTIVES   
  • 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
  • Identifying common errors in VAT calculation
UAE / GCC VAT IMPLEMENTATION TRAINING 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
  • Gulf VAT Framework
  • 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
  • Claim for VAT Refunds
  • CATEGORIES OF SUPPLIES
  • Taxable Supplies
  • Reduce rated Supplies
  • Zero rated Supplies
  • Exempt Supplies
  • VAT PENALITEIS
  • 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 member and non-member countries
  • 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
  • Valuation of Supplies
Updated on 28 April, 2019

Job roles this course is suitable for:

Finance professionals , ACCOUNTANTS , Business Owners

About Learners Point Training Institute

LearnersPoint, Dubai, is one of the top professional skill development institutions in the Middle East with close to 2 decades of industry experience in helping organizations achieve progressive and sustainable results. Whether you’re managing top-notch technology initiatives, developing your talent pipeline, we offer customizable and time-tested learning solutions that arm you for success. As an innovator in best-practices training products and services, our portfolio of training solutions ranges from IT, project management, logistics and supply chain, human resources, finance and accounting, digital marketing, autodesk products, office administration, ERP solution, and also includes high end courses like cloud technolgies, blockchain, strategic management and mini MBA. LearnersPoint is affiliated by KHDA, Government of Dubai and is also one of the institutes to have a prestigious recognition from CPD UK. Choose from in-person or live online classroom training, we will deliver nothing but the best.

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