- Course Level : Advanced
- Duration : 8 Hours
- Certificate : Yes
- Pre-recorded Sessions : Yes
- 100k+ Happy Students
Certified UAE VAT Course
The United Arab Emirates (UAE) implemented a Value Added Tax (VAT) on January 1, 2018, in a bid to diversify its revenue sources. VAT, a consumption tax, is applied to most goods and services supplied within the UAE. The standard VAT rate is 5%, but certain goods and services may have reduced rates or be exempt.
Navigating the intricacies of VAT can be daunting, as it involves understanding various laws and regulations. This comprehensive course aims to equip you with the knowledge and skills necessary to ensure compliance with UAE VAT laws. Through expert guidance and practical examples, you will delve into key topics such as VAT registration, invoicing, accounting for VAT, filing returns, and handling VAT audits.
Who Should Enroll?
- Accounting Finance
- Taxation Business
- Administration Human Resource
- Resources Supply chain
- Management Customer Service
Certified UAE VAT Course
If you work for a business that is subject to VAT, or if you are planning to start a business that will be subject to VAT, then this course is for you. The course will be taught by experienced VAT professionals. The course will cover all aspects of VAT compliance, from registration to filing and payment. You will have the opportunity to ask questions and get clarification on any topics that you do no understand.
Learning Outcomes
- Understand the basics of VAT
- Determine whether you are required to register for VAT
- Identify taxable supplies
- Determine the place of supply
- Understand the concept of deemed supply between related parties
- Understand the concept of supply via an agent
- Understand the concept of disbursement and reimbursement.
- Understand the criteria for formation of tax groups
- Understand the functioning of tax groups
- Understand the concept of reverse charge mechanism
- Understand the Special considerations available for Designated Zones
- Calculate input tax
- Understand appropriate allocation and modification of Input tax
- Calculate output tax
- File VAT return
- Pay VAT
- Comply with other VAT obligations
- Understand how to prepare valid tax invoices
- Understand the concept of Voluntary Disclosure
- Understand the use of tax credit note for adjustments in supply
- Understand when to deregister
- Learn about common mistakes to avoid non-compliance to VAT regulations
- Tips for record keeping to be compliant with VAT regulations
Course Curriculum
Module 1
- General principles
- Registration
- Definition of supply
- Liability of supply
- Zero rating
- Exemption
- Deemed supplies
- Value of supply
Module 2
- Time of supply
- Registration
- Disbursement and Reimbursement
- Input tax recovery
- Apportionment and adjustment to input tax
- Designated Zones
- Reverse charge mechanism
- Partial exemption
- VAT records and returns
- Tax invoice, Tax credit note
- Voluntary Disclosures
- Accounting for VAT
- Bad debt relief
- Deregistration
Module 3
- Powers and assessment
- Penalties for appeals
- Refunds
- International aspects-goods
- International aspects-services
- Electronic Services
Module 4
- Capital assets scheme
- Groups
- Profit margin scheme
- Transfers of an economic activity
- Common mistakes to avoid for being compliant to VAT regulations
Course details
Course Duration
- 8 Hours
Study Materials
- We offer study Material
Course Fees
- AED 1000
Learning Management System
- Full access to Pre-recorded Sessions
- Mock Tests & Exams
- Full study Material
- Online & Offline Sessions
- Flexible learning
International Trainers
- Certified Industry Experts
- Highly qualified Trainers
Easiest Fee structures
- EMI Payments
- Flexible terms
Fahim Ahmed
Graduate of Oxford Brooks University UK ,ACCA, CMA and CIA
Experience - 20+ Years
Mr. Fahim Ahmed is a Chartered Certified Accountant and a graduate of Oxford Brooks University UK.
With an illustrious career spanning over 15 years, Fahim brings a fervent dedication to enlightening and empowering professionals in the intricate landscape of financial management within corporate settings.
Fahim’s journey in the corporate training arena commenced as a Senior Accountant at a leading financial services firm, where he honed his skills in financial reporting, budgeting, and auditing. This hands-on experience bestowed upon him invaluable insights into the pragmatic challenges faced by finance professionals, laying the groundwork for his seamless transition into corporate training.
Throughout his career, Fahim has successfully designed and delivered bespoke training programs for a diverse clientele, spanning Fortune 500 companies, mid-sized enterprises, and startups worldwide. His global reach underscores his ability to transcend geographical boundaries in imparting financial expertise.
Fahim’s training repertoire spans a wide spectrum of topics, demonstrating his commitment to comprehensive education
Financial Statement Analysis: Dive deep into interpreting and analyzing financial statements for informed decision-making.
Budgeting and Forecasting: Gain practical insights into budget creation, variance analysis, and forecasting techniques for optimized financial planning.
Internal Controls and Audit Procedures: Learn to implement effective internal controls and understand audit processes for compliance and risk mitigation.
Financial Modeling: Participate in advanced workshops focusing on building financial models to aid strategic decision-making and scenario analysis.
Corporate Taxation: Receive comprehensive training on corporate tax regulations, compliance, and strategies for tax optimization.
Risk Management: Receive expert guidance on identifying, assessing, and managing financial risks within a corporate environment.
Maaz M. Barakat
Financial & Accounting Consultant / Professional Trainer, MBA, CPA, CIA-IIA
Experience - 20+ Years
Maaz Barakat is an Internationally Accredited Trainer specializing in qualifying candidates (mainly Gulf nationals) to attain professional qualifications in Finance and Accounting fields (CPA, CMA, CIA, ACCA, FRM, ASC, FFAC, Dip IFRS, ICAEW CFAB, etc.). He is also a visiting Lecturer at The American University in Dubai and has administered and conducted various workshops and seminars covering different aspects of business, finance, accounting, auditing and other related fields.
Maaz has over 30 years work and training experience in advising clients accomplish financial objectives by assessing financial situation; developing and presenting financial strategies and plans; monitoring changes in financial status and he has also trained many corporate clients in the GCC region serving various government institutions with professional courses contributing widely in the educational development amongst the GCC nationals as well.
Some of the names he catered to includes Ministry of Finance, Dubai Electricity & Water Authority (“DEWA”), Abu Dhabi Investment Authority (“ADIA”), Abu Dhabi National Oil Company (“ADNOC”), General Authority of Zakat & Tax (“GAZT”), Iraqi State Audit Department – Government of Iraq, PetroChina, Higher Colleges of Technology, Dubai Economy, Financial Audit Authority Government of Dubai, Mubadala and many more.
We are top listed training institute on Coursetakers.ae
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