VAT Training

Course details

Our training has been developed to provide a comprehensive understanding of the VAT system, from the compliance aspects of registration, record keeping 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.

Our VAT courses have been carefully designed to address diverse business requirements:

• Strategic training for executives to understand the commercial impact of VAT on their organisation, how VAT will impact pricing, margins, systems and resources 
  
• Tactical training for finance managers to understand how to administer and control VAT within their business 
  
• Operational training for staff working on a transactional level dealing with the processing of VAT on a daily basis 

These are available as open courses and can also be delivered in-house to suit the specific needs of corporates and government entities. With bespoke programmes focused on the fundamental principles of VAT, regulation and administration, and guidance on the interpretation and consistent application of the GCC VAT legislation, our courses will equip you and your workforce with the knowledge, skills and confidence to work with VAT.

Course Structure:

VAT Training for Executives:

• Principles of VAT - Executives Level.
  
• Obligations and rights of taxpayers and key regulatory requirements.
  
• VAT and international trade.
  

VAT Training for Finance Managers:

• Principles of VAT - Management Level.
  
• Accounting for VAT.
  
• VAT registration.
  
• Payment of VAT and filing of VAT returns - fines and penalties.
  

VAT Training for Operational Staff:

• Introduction to VAT. 
  
• VAT for accounts payable. 
  
• VAT for accounts receivable.
  

You may select your VAT Training among the following modules:

• Principles of VAT: executives.
  
• Principles of VAT: Management level.
  
• Accounting for VAT.
  
• VAT registration.
  
• Payment of VAT.
  
• VAT for accounts receivable.
  
• Obligations and rights of taxpayers.
  
• VAT and international trade.
  
• VAT for accounts payable.

Businesses with revenues of over $100,000 must be registered and be ready for VAT implementation from 1 January 2018.A critical success factor for the VAT implementation will be upskilling yourself and your workforce with the right knowledge and skill-set in the coming months.

With this in mind, PwC's Academy, the education and training business of PwC, has designed a suite of fit-for-purpose VAT courses that cover the fundamentals of the new VAT framework, it's impact on business and the technical and financial acumen required to manage this change.

We offer VAT courses in UAE, KSA and Qatar and these can be customised for in-house training across the GCC.