Qatar VAT
Training Program

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Course Overview

Qatar VAT Training Program

Lynchpin Training offers VAT in Qatar Training Programs customized for Qatari companies. This “VAT in Qatar” training program is based on GCC VAT framework along with all generic VAT principles would be applicable in Qatar once VAT is implemented.
How to Engage Lynchpin for VAT Training in Qatar

We can deliver training to your company location in Qatar. This can further be customized accordingly that how VAT in Qatar will be applicable to your company. Our trainer will travel to Qatar and all material as per VAT applicability in Qatar will be shared with your team.

The pricing is highly affordable and you will find max ROI on your training investment to make your team ready for upcoming VAT in Qatar.

Over 1300 participants already trained by Lynchpin for VAT Training in GCC! Join us NOW to get the best VAT Training in Qatar.

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

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Training Dates

Saturday 6 March, 2021
Live Online Session

In-House Training

Run this course as in-house/one to one session for maximum ROI.

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

  • Concept and motive of the VAT
  • Input and Output VAT
  • Supplies, Goods and Services
  • Taxable Supplies
  • Reduce rated Supplies
  • Zero-rated Supplies
  • Exempt Supplies
  • Zero Rated Vs. Exempt
  • The reason behind VAT implementation
  • Impact of VAT on OMAN Economy
  • Why is VAT in OMAN 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)
  • How to establish that place of supply of any goods/services is UAE?
  • Place of supply of Goods
  • Place of supply of Services
  • Place of supply of water and energy
  • Place of supply in special cases e.g. implementing state effect
  • Place of supply of telecommunication and electronic services
  • Place of supply of real state
  • Place of supply of transportation services
  • On what amount VAT should be charged under Value of Supply Rules
  • Value of Supply
  • Value of Import and what is the effect of landed cost components and customs duty
  • Value of Supply to Related Parties – special considerations
  • Value of Deemed Supply – on what value e.g. free goods to be taxed
  • Value of supply in case of discounts and subsidies
  • Filing VAT returns
  • Timing for VAT Filing
  • VAT Return Filing Demo
  • Claim for VAT Refunds
  • Late payment/ submission penalties
  • Error and penalties
  • Default interest rate
  • Calculating output VAT on Exports
  • Calculating input VAT on Import
  • Transactions with GCC Member countries
  • Treatment of VAT while you are selling exempt items
  • Impact of VAT exemption on certain industries
    • Residential buildings
    • Financial Services
    • Bare land
    • Local passenger transport
    • Exemption on imports and suspension of the VAT

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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