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Value Added Tax Training Program

Update: Download UAE VAT Return Format Here

Upcoming VAT Training in Dubai
Wed 17 Jan, Dubai
Sun 28 Jan, Dubai

Upcoming VAT Training in Abu Dhabi
Sat 20 Jan, Abu Dhabi

VAT Inclusive Course Fee: AED 1,565 (Gross Price AED 1,490 + VAT AED 75) per person (includes course material, participation certificate, lunch and coffee breaks)
(Note: Above prices are rounded off to the nearest Dirham)

Over 1300 participants already trained by Lynchpin for VAT Training in Dubai & Abu Dhabi! Join us NOW to get the best VAT Training in UAE.

Click Here to Reserve Your Place for VAT Training in UAE

Understand VAT Concept and It’s Business Implication in Dubai & Across UAE.

Lynchpin also offers VAT Consulting Services. Click here to know more about our VAT Consulting Services.

Value Added Tax (VAT) is now becoming a reality in Dubai and across UAE. Are you ready for it?

Lynchpin is proud to proactively launch VAT Training in Dubai. This specially designed VAT Training program examines the rules and regulations of VAT and clearly demonstrates the procedures and controls that should be in place to ensure VAT returns are submitted accurately and on time. This seminar will give you a complete understanding of VAT, covering all the essentials topics and giving you the confidence to know if you are dealing with VAT correctly. The current VAT Training in Dubai is developed to equip your team to adequately embrace the VAT requirements in Global context. The VAT Training in Dubai would be exploring the probably VAT landscape in GCC.

Who Should Attend

  • CFOs

  • CEOs

  • Finance Managers

  • Internal auditors

  • Cost and Budgeting Managers

  • Sales Managers

  • Procurement Managers

  • Associate Staff Dealing in Payable and Receivables

 Key Take-Away

Upon the successful completion of this course the participants should be able to:

  • Overview of VAT
  • VAT Registration
  • Calculation of VAT Payable/Refund
  • VAT Accounting Entries & Adjusting Entries
  • Transitional VAT Rules
  • Concept of Deemed Supply and VAT impact
  • VAT Supplies – Zero Rated & Exempt Supplies, Partial Exemption
  • VAT Legal Framework in UAE and GCC
  • Date of Supply Rules & VAT impact
  • Place of Supply Rules & VAT Impact
  • Reverse Charge Mechanism
  • Import VAT Consideration
  • VAT on Free Zone Companies
  • Misc. VAT issues
  • VAT Strategy & Implementation
  • VAT Audits, Fines and Penalties and Appeal Procedure

Special Topic Areas to be Covered

  • VAT on Retail Industry
  • VAT on Construction Contracts
  • VAT on Trading Business
  • VAT on Import & Export Business
  • VAT on Service Industry
  • VAT on Transport Business
  • VAT on Education Sector
  • VAT on FMCG

What you Will Get

  • Comprehensive case study to cover all the aspects of VAT
  • Seminar Pack containing the information presented on the day
  • Certificate of Participation

Course Outline

 

VAT CONCEPT
Concept and motive of VAT
Input and Output VAT
Supplies, Goods and Services

CATEGORIES OF SUPPLIES
Taxable Supplies
Reduce rated Supplies
Zero rated Supplies
Exempt Supplies
Zero Rated Vs. Exempt

VAT AND UAE
Reason behind VAT implementation
Impact of VAT on UAE Economy
Why VAT in UAE is different?
Gulf VAT Framework

VAT REGISTRATION
Rules for VAT registration
Rules for VAT De-registration

VAT CALCULATION
When should VAT be accounted for?
Calculating Input VAT (Purchases)
Calculating Output VAT (Sales, Services & Gifts)

VAT ADMINISTRATION
Filing VAT returns
VAT Schemes
Timing for VAT Filing
Substantial traders
Claim for VAT Refunds

VAT PENALTIES
Late payment/ submission penalties
Error and penalties
Default interest rate

VAT ON IMPORTS/ EXPORTS
Calculating output VAT on Exports
Calculating input VAT on Imports
(Member countries and non-member countries)

VAT INVOICES AND RECORDS
Layout of the VAT Invoice
Charging VAT on Invoice price
VAT invoices Record Keeping

VAT ERRORS
Pre-registration input VAT Calculation Relief Calculation
Valuation of Supplies

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