Value Added Taxation [VAT] Bright Future Training Institute
Price: AED 1,000

    Course details

    UAE VAT- Introduction to Implementation in UAE

    TAX is the system of any government to generate revenues to help it in paying for public service such as making and maintaining hospitals, schools and universities, defense and other important aspects of daily life. It can simply be said as the portion of government in your earnings. VAT - Value Added Tax is an important form of indirect tax imposed by the government on various supplies of goods and services that we buy or sell.
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    VAT is applied on every step of the 'supply chain'. 

    UAE VAT IMPLEMENTATION:

    The government of UAE is gradually shifting towards various sources of earning revenues and trying to reduce its dependency on oil and other hydrocarbons as a source of revenue. The introduction to VAT will help the UAE federal and emirate governments to manage the budget properly so as to provide the UAE citizens and residents with many different public services.
     
    UAE VAT AND IT's COORDINATION WITH OTHER GCC COUNTRIES:

    As part of the GCC group, UAE has close tie-up with "The Economic Agreement between the GCC States" and "The GCC Customs Union". The group has long history of working together in designing and implementing new public policies.  The course will consider some of the specific issues that apply to trade between GCC Member States.

    Our UAE VAT Training:  

    We have dedicated, fully qualified team of expert Trainers. This interactive, one day training is a comprehensive six-hour session, designed to focus on various aspects of VAT. Following is the outline of the training contents:
    • Introduction to Tax, Types of Taxes, Role in Economy.
    • Introduction to VAT, Differentiate between Input and Output VAT
    • VAT in Tax Life Cycle.
    • UAE VAT Legal Structure and Framework
    • VAT Application to GCC Imports and Exports
    • UAE VAT Application on Real Property, Bank Transactions, Loan and other Types of Goods and Services.
    • Identification and difference of VAT Categories - Zero Rated and VAT Exempt.
    • How to assess VAT impact on your business
    • How to plan for VAT implementation for your ;
    • VAT on partially exempt business categories.
    • VAT invoices and their calculation.
    • VAT on Goods Return, Trade Discount and Cash Discount
    • How to pay/refund VAT.
    • Automating the VAT function — overview of IT challenges and solutions 
    • Dealing with common VAT errors.
    Target Audience:
    • Chief Accountants / Group Accountants
    • Junior Accountants, Manager Accounts and Finance.
    • Cost Controllers,
    • Internal auditors, Tax consultants/ Advisors, Tax Administration
    • IT Professionals
    • Business Development Managers
    • Key Positions in an Organisation Hierarchy 
    CERTIFICATE: 

    The Candidates are awarded with Course Completion Certificate by Bright Future Training and KHDA - Knowledge and Human Development Authority, Dubai

    Upon Completion of VAT training, a candidate will:
    • Be able to identify Taxable items (Goods and Services in UAE)
    • Calculate VAT on various Goods and Services.
    • Have knowledge about VAT Registration - Compulsory & Voluntary Registration
    • Know what is input VAT, output VAT
    • Identify Exempt supplies.
    • Analyze the effect of VAT on an Entity's Financial Statements.
    • Do Tax Documentation Process


    Important: From 1st January 2018, certain fees and charges on our services are already implemented ( 5% Value Added Tax) in compliance with UAE federal laws and regulations. Bright Future Training Institute will collect and pay that 5% VAT to the UAE Federal Tax ;


      Updated on 17 September, 2019

    Eligibility / Requirements

    Candidates should have basic knowledge of accounts and finance.

    Job titles this course is suitable for

    Accountants , Finance Officer , Senior Tax Accountant

    About Bright Future Training Institute

    Who We Are?
     
    BRIGHT FUTURE ushers every human being to acquire the knowledge,skills, attitudes and values necessary to shape up a promising and sustainable future. We recognize our vital role in delivering a quality of training for everyone in the UAE, both now and the generations in store. Bright Future is committed to culminate the wished results with a perfect blend of senior educationists and young breed of energetic trainers on its faculty. We encourage the staff to adopt innovative and interactive methods of training in order to make the institute an example of posterity.
    Bright Future works under the umbrella of Knowledge and Human Development Authority – KHDA Dubai Govt. Currently seven departments are rapidly producing hundreds of Professionals to international market, the seven departments are listed below;

    1. Departmenet of Tourism & Hospitality 
    2. Department of Soft Skills and Languages
    3. Department of Engineering
    4. Department of Management
    5. Department of Information Technology
    6. Department of Finance 
    7. Departent of Accounting

    Bright Future has affiliations with some well known Professional bodies to facilitate our students and give them practical exposure of market trend.

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