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VAT Workshop

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Course Overview

Online UAE VAT Training Program

Learn Value Added Tax (VAT) at your own pace. You can now study VAT with our Online VAT Training Program. You can access this Online VAT training Program for anywhere anytime

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

What You Will Get

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Course Price: AED 790

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Run This Course
In-House

Enjoy this certified
program at your premise of choice, with lower costs, and schedule that suits you best.

FULLY CUSTOMIZED
ACCORDING TO YOUR NEEDS!

Course Outline

Value Added Tax Key Terms - I

  • Concept and motive of VAT
  • Input and Output VAT
  • Supplies, Goods and Services
  • Taxable Supplies
  • Reduce rated Supplies
  • Zero-rated Supplies
  • Exempt Supplies
  • Zero Rated Vs. Exempt
  • Reason behind VAT implementation
  • Impact of VAT on UAE Economy
  • Why is VAT in UAE different?
  • Gulf VAT Framework
  • Rules for VAT registration
  • Rules for VAT De-registration
  • When should VAT be accounted for?
  • Calculating Input VAT (Purchases)
  • Calculating Output VAT (Sales, Services & Gifts)

Value Added Tax Key Terms - II

  • Filing VAT returns
  • VAT Schemes
  • Timing for VAT Filing
  • Substantial traders
  • Claim for VAT Refunds
  • Late payment/ submission penalties
  • Error and penalties
  • Default interest rate
  • Calculating output VAT on Exports
  • Calculating input VAT on Imports
  • (Member countries and non-member countries)
  • Layout of the VAT Invoice
  • Charging VAT on Invoice price
  • VAT invoices Record Keeping
  • Pre-registration input VAT Calculation
  • Relief Calculation
  • Valuation of Supplies

Trainer's Profile

Mr. Mirza Farrukh Baig,
FCA
Harvard Trained | CEO Lynchpin Group | Lead VAT Trainer & Consultant

Mirza Farrukh Baig-Harvard Trained, is one of our Decorated & Talented Trainer and Instructional Designer for Finance, Accounting, Risk Management training courses at Lynchpin Training. With him on the training venue, we guarantee the best style of delivery, team engagement, the energy level of the class and the WOW experience by your team is assured.

Mirza Farrukh Baig is a qualified Chartered Accountant and a career banker. He has over fifteen years of experience teaching CMA, ACCA, CFA and CA students. He is also the lead corporate trainer at Lynchpin delivering specialized training on Finance and Accounting He has served for eight years in a leading commercial bank in UAE where he was instrumental in strengthening the SME credit risk unit. Apart from approval of banking facilities for SME clients. He played an instrumental role in developing and implementing the SME credit risk policy of the bank.

Currently, he is the CEO of Lynchpin Training & Consulting and Chief Consultant for VAT Advisory, Consulting & Implementation. Farrukh carries extensive experience in dealing indirect taxes both for the UK and South Asia. Provided VAT (Value Added Tax) consultancy services with due care, experience, resources, and exposure to tax regimes.

Farrukh is an associate member of the Institute of Chartered Accountant of Pakistan (ICAP). He has been awarded a gold medal for outstanding performance in his CA final examination, by ICAP. He also went to Harvard Business School to Executive Entrepreneurship training program.

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