VAT Accounting & Implementation Global Solutions Training Institute
Price: AED 1,200

    Course details

    COURSE OBJECTIVES

    WE ARE GLAD TO ANNOUNCE THAT WE HAVE TRAINED  1 107 OMPANIES’S KEY  STAFF SUCH AS Directors, General Manager,FInance Managers , Accountant, Purchase, supply chain staff, Marketing and sales staff , Administration, book keeping and Audit firm staff and Many more.

    PLEASE DOWNLOAD BROCHURE FOR COMPREHENSIVE DETAILS.


    COURSE OUTLINE

    VAT- AWARENESS

    ▸Direct & Indirect Tax
    ▸ Tax career in GCC
    ▸ Why VAT in UAE, Impact on UAE Economy
    ▸ How VAT frame work works and who pays VAT
    ▸ Understanding Executive Regulations
    ▸ UAE VAT terminology and interpretations
    ▸ Taxable supply (Standard, ZERO & Exempt).
    ▸ ZERO Rated and Exempted Industry analysis
    ▸ VAT Grouping
    ▸ VAT on Import and Export in GCC & others
    ▸ VAT registration and documentation
    ▸ VAT administrations, fines, Penalties
    ▸ Common errors in VAT calculations
    ▸ Appointment of Tax agent
    ▸ VAT treatment for Real state, Retail trade Financial
    services, Aviation & Service industries
    ▸ Detail Analysis for VAT on Free zone


    VAT - ACCOUNTING

    ▸ VAT Invoicing
    ▸ VAT Accounting & Reporting
    ▸ VAT Return Submission
    ▸ FTA Audit preparation
    ▸ VAT Adjustment (Error Correction, Sales and
    Purchase Return, Bad debt, Warranty, Capital Asset
    Scheme,Transhipment Reverse Charge
    Mechanism, Deemed Supply, rebates)
    ▸ Record keeping
    ▸ VAT - Tax Planning & Tax Saving
    ▸ Strategic Pricing and Costing with VAT
    ▸ Business Impact –Pricing, Margin and cash flow
    ▸ VAT efficient Procurement and Inventory
     ▸  Management Accounting and Innovatie costing with VAT
    ▸ Risk analysis of NON - VAT implementation and compliance
    ▸ Strategies to keep 2017 price or below with VAT
    ▸ Few Strategies to take competitive advantage with VAT 

    VAT CHALLENGES/STRATEGIES
    ▸ VAT Implementation
    ▸ Accounting & Reporting
    ▸ Cash flow
    ▸ Contract Negotiating & Redrafting
    ▸ FTA compliance
    ▸ Supply Chain Challenges
    ▸ Procurement & Vendor Selection
    ▸ Market share retention
    ▸ Operational & Transitional
    ▸ IT and system
    ▸ Transfer Pricing

    STRTEGIES TO CHALLENGES
    ▸ Taxation in strategic planning
    ▸ Strategic Pricing for competitive advantage
    ▸ Counter strategies on Price impact of VAT introduction
    ▸ Supply Chain Strategies
    ▸ VAT efficient Business expansion Strategies
    ▸ Activity based costing and Market pricing
    ▸ Contract Negotiation & Redrafting
    ▸ Cash flow & Working capital Management
    ▸ And many more

    VAT - IMPLEMENTATION
    ▸ VAT Project Management Road Map
    ▸ Identifying main VAT challenges
    ▸ Way of Overcoming VAT challenges
    ▸ VAT Impact Assessment for Organization
    ▸ Analyze the current Business process
    ▸ Design and Build system for VAT compliance VAT Implementation and Training
    ▸ VAT manual preparation
    ▸ Pilot run and Report testing. Go Live
    ▸ Continuous VAT compliance monitoring
    ▸ Resolving issues with tax Authority for non compliance.
    ▸ VAT Implementation Road Map.
    ▸ Tax Planning & Tax consultancy.
    ▸ VAT Impact Analysis & Due Diligence
    ▸ VAT Readiness Assessment
    ▸ VAT Ruling on complicated matters

    WHAT WILL YOU GAIN FROM THIS COURSE?
     

    TARGET AUDIENCE

    REFER BROCHURE

    Course Methodology

    VAT - AWARENESS

    ▸ Lecture with Interaction
    ▸ Question and Answer session with Participants’ industry
    ▸ VAT consultancy for Participants’ industry scenario
    ▸ Practice of written activities for exploring taxation skills of participants
    ▸ VAT registration exercise

    VAT -ACCOUNTING 

    ▸Lecture with Interaction
    ▸ VAT accounting activities with adjustment
    ▸ VAT return submission activity (2 hr)
    ▸ VAT Management Accounting Activities
    ▸ VAT calculation activity to test the understanding of participants
    ▸ Strategy discussion on keeping the 2017 Price even with VAT

    VAT CHALLENGES/STRATEGIES
    ▸ Lecture with interaction
    ▸ Question and Answer session with Participants’ industry
    ▸ Case study analysis to identify the challenges and its impact of the participants’ industry
    ▸ Strategy discussion to overcome VAT challenges


    VAT - IMPLEMENTATION
    ▸ Lecture with interaction
    ▸ Written Project Implementation
    ▸ Project activity to explore participants’ skills & guidance for VAT
    Implementation
    ▸ Risk and Cost Benefit Analysis activities of VAT implementation
     
    COURSE BENEFITS

    ▸ Understanding UAE - VAT Framework
    ▸ Knowing the Type of supply and industry analysis
    ▸ Practical understanding VAT Accounting and VAT Return Submission
    ▸ Technical understanding of VAT Registration and Compliance
    ▸ Knowing the Risk of NON-VAT implementation and Penalty
    ▸ Understanding the VAT challenges and ways of overcoming
    ▸ Practical understanding of strategy for VAT challenges
    ▸ Relate VAT and Supply Chain Management
    ▸ Know the background of VAT implementation in GCC Region
    ▸ Identify the pre-requisites and needed preparation before VAT
    implementation
    ▸ Recognize the competencies and skill set requirements – People, Systems and Leadership
    ▸ VAT implementation Road Map for businesses
    ▸ Identify the financial, business and marketing impact of VAT during pre and post implementation
    ▸ Knowing VAT Strategy and how it can be aligned with Business Strategy
      Updated on 17 April, 2018

      About Global Solutions Training Institute

      Global Solution Professional Training would like to introduce our-self as cutting edge Training Institute offering vast course content catering to various industries across the market. An ISO certified body and approved from KHDA, Government of Dubai. We define, build and execute customized Training solutions which are cost effective and user friendly. Extensive, hands-on exercises provide students with the practical experience and confidence to apply their learning to the workplace.
      Our Professional experts have trained individual students and top in the line corporates of GCC and African Countries and has set a benchmark today offering multiple training courses covering IT,SAP, Finance, Arabic, IELTS, Management, HR, Logistics, ERP and Leadership etc.

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