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
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
- 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.
Price: USD 218
Instructor led live virtual classroom online. Classes may be individual or in group.
- Duration: Upto 8 Hours
- Timings: Part Time, 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
- 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
About Learners Point Training Institute
Empowering Professionals for a Dynamic Future in the UAELearners Point Academy is a premier provider of professional training and development solutions, dedicated to equipping individuals and organizations across the UAE with the skills and knowledge needed to thrive in today's competitive landscape.
A Commitment to Excellence
We offer a diverse and comprehensive range of training solutions, with a particular focus on IT, Cybersecurity, Management and Logistics, in addition to other key sectors:
- Business & Leadership: Sharpen your strategic thinking and management skills to lead with confidence.
- Finance & Accounting: Master financial analysis and reporting for sound decision-making.
- Human Resources: Optimize talent acquisition and cultivate a thriving workplace culture.
- Soft Skills & Personal Development: Enhance communication and leadership abilities for personal and professional growth.
- Supply Chain Management: Streamline operations and ensure efficient delivery of goods and services.
- Quality Management: Drive process improvement and deliver exceptional customer satisfaction.
At Learners Point Academy, we believe in a learner-centric approach, combining theoretical knowledge with practical application. Our expert instructors, drawn from industry leaders, provide personalized guidance and support to ensure optimal learning outcomes.
Tailored Learning Options
We understand that professionals have diverse learning needs and schedules.
Therefore, we offer a variety of delivery methods:
- Classroom Training: Benefit from face-to-face interaction and networking opportunities in our modern facilities across the UAE.
- Live Online Training: Participate in engaging virtual classes with real-time interaction for learners within the UAE and across the MENA region.
- In-Company Training: Customize training programs to meet your organization's specific needs and deliver them at your preferred location within the UAE.
Learners Point Academy empowers you to achieve your professional goals and drive success for your organization. Contact us today to explore our extensive course catalog and embark on your transformative learning journey! See all Learners Point Training Institute courses
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