VAT ONE DAY TRAINING
3 years ago - Services - Ajman - 1.7K viewsAED --
VALUE ADDED TAX(VAT)
Who should attend the course
· Accounts Personnel
· Finance Managers
· Business Owners
· Managers
· Tax professionals and
· Professionals who are preparing for the transformation of their business as VAT is introduced in UAE and GCC.
Course Methodology
The training is going to be highly interactive combination of lectures, group discussions, questionnaires, individual reflections, role plays, simulations and videos
Course Content
Introduction
· Tax
· Types of tax
· Direct tax
· Indirect tax
What is Value Added Tax (VAT)?
· Global Scenario of VAT
· Overview on GCC VAT Framework
· Amount on which VAT is chargeable
VAT – Challenges to Businesses
· Business Impact – Margins, Pricing & Cash Flows
· Procurement – Cost, Price Hikes & Tax Saving Opportunities
· Supply Chain – Maintaining Value Chain
· Contracts: Renegotiation & Redrafting
· Compliance – Governance & Control Issues
· Impact on Individuals
Registering for VAT in UAE
- VAT returns and Liabilities
- Compliance requirements under VAT
VAT Calculation
- VAT Calculation & Implication
- Input & Output Tax
- Standard Rated, Zero Rated & Exempt Supplies
- Calculation & Reporting Challenges
- Complex Transactions in VAT
How to prepare yourself for VAT implementation?
· Updating your accounting systems
- Step by Step Journey to Jan 2018
- Pre Assessment – Review of Current State
- Impact Assessment – What, When, Why & How to Change
- Design Implantation – Phased Planning
Case Studies on VAT Implementation
Simulation Game: Participants will get a comprehensive review of VAT implementation ranging from Inventory Management to VAT processing, recording & periodical reporting in the form of a Board Game.
We offer: QUALITY TRAINING EXPERIENCED FACULTIES FLEXIBLE TIMINGS FREE COUNSELLING.
Call on 050-9249945 to speak with the consultant!
Vision Institute, R-Holding Building,
