Level 1 Training Curriculum

Workshop on VAT Implementation in the UAE

A 6-hour workshop aimed at senior managers and professionals responsible for the implementation of VAT across functions in organizations

Abu Dhabi | Dubai | Sharjah | Ras Al Khaimah | Ajman | Fujairah | Umm Al Qwain

In-house corporate programs available.

1 Day
8:30 AM - 4:30 PM
AED 1,500
Fee
CORPORATE REGISTRATION
INDIVIDUAL REGISTRATION

Program description

This 6-hour workshop provides an in-depth examination of VAT framework in the UAE and its impact on business operations.  The course will focus on the procedures, provisions and controls that leaders must implement to ensure VAT compliance.  Using an interactive methodology, participants will acquire the knowledge and tools to effectively manage the transition of their organizations to a VAT environment.

Program objectives

Upon completion of this course you will be able to:

  • Explain the characteristics of the UAE VAT and its relationship with GCC initiatives.
  • Analyze the VAT concept, its treatment of supplies and exemptions.
  • Explain the rules for VAT registration and de-registration.
  • Define input and output VAT and identify the possible sources of error.
  • Identify the key administration and record-keeping tasks associated with the VAT process.
  • Discuss the VAT on foreign trade within and outside the GCC.
  • Evaluate the implications and risks associated with VAT within a business' organizational functions

Target audience

  • Accounting and Finance Managers.
  • Procurement, Operations and Logistics managers.
  • Marketing Managers.
  • Legal and Compliance Managers.
  • Entrepeneurs and SMEs

What is included in the price

  • Comprehensive course material
  • Participation Certificate
  • Lunch and Coffee breaks

Program details

VAT FRAMEWORK IN THE UAE
  • GCC and UAE VAT Framework.
  • Impact of VAT on UAE economic activity.
  • Distinctive characteristics of UAE VAT.
  • VAT-related responsibilities for UAE businesses

VAT REGISTRATION
  • Key definitions.
  • Rules for VAT registration and de-registration.
  • VAT groups and inter-group transactions.

SCOPE OF THE UAE VAT FRAMEWORK
  • The VAT concept, objectives and process.
  • Treatment of input and output VAT.
  • Goods, services, gifts and samples.
  • Reverse and Forward Charge Mechanisms.
  • Taxable and non-taxable supplies.
  • Determining the place of supply.
  • Zero-rated supplies vs Exempt supplies.
  • Tax-exempted imports.

CALCULATION OF VAT
  • Input and output VAT and net VAT payable.
  • VAT calculation errors.
  • Valuation of Supplies.
  • VAT schemes in the UAE.
VAT ADMINISTRATION AND RECORD KEEPING
  • Filing VAT returns and claiming for VAT refunds.
  • Transitional provisions.
  • Preparing for VAT audits.
  • Administrative process for VAT assessments, fines and penalties for tax evasion.
  • General requirements of the VAT invoice.
  • VAT invoices record-keeping

VAT ON FOREIGN TRADE
  • Calculating output VAT on imports and exports
  • VAT in Intra-GCC Trade

IMPACT OF VAT ON BUSINESS FUNCTIONS
  • Implication of VAT on organizational functions.
  • Minimizing risks associated with poor implementation.

CASE STUDIES FOR KEY BUSINESS SECTORS

Upcoming workshop dates

Dates Location Price
Tuesday, April 17, 2018 CERT, Abu Dhabi. AED 1,500
Saturday, April 21, 2018 HCT, Sharjah. AED 1,500
Wednesday, April 25, 2018 HCT, Ras al-Khaimah. AED 1,500
Saturday, April 28, 2018 HCT Women's College, Dubai. AED 1,500
Saturday, May 5, 2018 CERT, Abu Dhabi. AED 1,500
Tuesday, May 8, 2018 HCT Men's College, Dubai. AED 1,500
Saturday, May 26, 2018 HCT Women's College, Dubai. AED 1,500