Course details
VAT TrainingThe Value Added Tax or VAT, broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use. Thus, goods which are sold for export or services which are sold to customers abroad are normally not subject to VAT.
Generally, each such trader in the chain of supply from manufacturer through to retailer charges VAT on his or her sales and is entitled to deduct from this amount the VAT paid on his or her purchases.
VAT is now in UAE
BCIA launches VAT Training in UAE. VAT course enables controllers, accounting and tax professionals to understand the importance of managing Value-Added-Tax (VAT) transactions and balances. VAT management is not rocket science, but headaches can be avoided with a proper registration and control process in ;
The courses are aimed at those who require a working knowledge of VAT
- CFOs/CEOs
- Finance directors/controllers and accountants
- Accounts Payable/Accounts Receivable personnel
- Entrepreneurs and Students
- Define Value-Added- Tax (VAT) and discover how VAT works.
- Identify the risks behind improper VAT management.
- VAT is based on value added not on total price. So, price does not increases as a result of VAT.
- VAT is simple to administer as compared to other indirect tax.
- Recognize how to plan your VAT balance
- Revise and improve your own VAT registration process
Course Objectives
- Explain how to account for VAT on purchase and sales of goods or services whether the entity is registered in VAT or not.
- Use the company's trial balance to fill up a VAT return.
- Assess impact of VAT on selected industries.
- Categories of special VAT
- VAT due for private use and self-supply of goods and services.
- Chart of Accounts and VAT. Accounting entries for VAT transactions.
- Scope of indirect taxation.
- Inflows and outflows related to VAT.
- Imposition of tax and tax base
- Delivery of goods and services. Tax rates . Periodic tax returns.
- Place of delivery of goods and services and its impact on VAT.
Eligibility / Requirements
Higher secondary Education, Graduation, Post graduation
About British Columbia International Academy
Education in the Middle East
Leading educators in the UAE praised the country’s leadership for declaring 2016 as the ‘’Year of Reading’’.
President His Highness Sheikh Khalifa Bin Zayed Al Nahyan announced the programme and said the initiative’s aim was to continue moving the country towards a knowledge-based economy, and nurturing a generation of readers would be the best way to reach that goal.
As Dubai’s international population is growing rapidly, it has become more and more important to invest in higher education.
British Columbia International Academy (BCIA) is a largest Professional training Academy in World working with the aim of Spreading world-class educational system in Middle East region. Our team is focusing on Quality Training for Accounting and Financial Graduates, English Language courses, Technical Courses and Digital Marketing etc.
BCIA has a vision of commitment to help them to enhance their career and develop World-class Professionals.
We provide services to individuals and firms with a focus to increase productivity in the workplace and enhance efficiency in every aspect.
We strive to achieve this vision by:
- Helping individuals to identify and achieve their development, growth and career goals.
- Adopting the highest standards of quality and service.
- Maintaining a customer-focused organization with a strong partnering culture.
- Hiring certified experienced and bilingual trainers and consultants.
- Reacting to any training requirements with speed and efficiency.
- Adopting modern training methodology.
- Growing a balanced portfolio of business.
Our Mission:
Seeks to provide a full suite of Management Accounting, Auditing and Financial Training like CMA, CPA, ACCA, CIA to Graduates and individuals aspiring to get language training for IELTS, CELPIP and PTE language in the UAE. Responding to the requirements of a changing environment implies constantly redefining the training centers programmers, reworking the contents in the light of the objectives, designing methods best suited to
the individual needs of the trainees, and putting these new methods and ways of working into practice.
Our Objective:
The principal objective of training and development division is to make sure the availability of a skilled and willing workforce to an organization. In addition to that, there are four other objectives: Individual, Organizational, Functional, and Societal.
- Individual Objectives– help employees in achieving their personal goals, which in turn, enhances the individual contribution to an organization.
- Organizational Objectives –assist the organization with its primary objective by bringing individual effectiveness.
- Functional Objectives –maintain the department’s contribution at a level suitable to the organization’s needs.
- Societal Objectives– ensure that an organization is ethically and socially responsible to the needs and challenges of the society.
VAT Related Questions
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