It Includes
- 5 Days training program
- Live Virtual Training
- Learn on any PC/Mobile/Tablet
- Unlimited Doubt Sessions
- Online Labs (if applicable)
- Official Courseware & Kits
- Get Recording after session
- Get Certificate of Completion
- Mock Tests & Exam Preps
- Classroom Training (Optional)
Training 2 or more people?
Get a custom quote for group training, Onsite & classroom options.
Request a QuoteCourse Overview
COURSE OBJECTIVE
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 training 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 VAT Training is developed to equip your team to adequately embrace the VAT requirements in Global context. The introduction of VAT represents a significant change in tax policy and will have a major impact on businesses across GCC.
The program will provide a thorough understanding of the basic concepts and principles of VAT and how it operates internationally. When national VAT law of the country where the company is operating is issued, the program will be based on the content of the mentioned law and its secondary legislations.
Who Should Attend?
- CEO/CFO/COO/CIO
- Tax directors
- Financial controllers/managers
- Procurement managers
- Legal and contract affairs professionals
- Information technology managers
- Sales and marketing managers
Course Outline
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Introduction of VAT
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Agenda
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Updating on GCC’s VAT
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Definition and Characteristics of VAT
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VAT definition
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VAT mechanism - Input VAT - Output VAT
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VAT terminology - Input VAT - Output VAT - Zero rated - Exempt - Out of scope
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Advantages and disadvantages of VAT
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Scope of the tax
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Taxable transactions(supply of goods and services) - Taxable goods - Taxable services
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Chargeability of VAT
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Liability for VAT
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Taxable persons - Threshold
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Place supply of goods and services
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Time of supply
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Import transactions
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VAT calculation
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Tax rate
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Taxable base
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Exemptions from VAT, Zero rated and Out of scope
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Exempted activities
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Exempted goods - Local - Import
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Zero rated - Goods - Activities
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Out of scope
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Reverse charge and deductibility of VAT
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Reverse charge
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Right to deduct
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Apportionment of Input VAT and Pro-rata (Direct Allocation, Proportional Deduction)
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VAT taxpayers and their obligations
- Registration
- Filing obligations
- Periodical VAT returns
- Payment of VAT due
- VAT claims
- Non compliance - Reporting
- VAT GL accounts
- Books and records
- VAT Invoices
- Supporting information for VAT deduction
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Special cases of VAT
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Cash Business
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Obligations for non residents
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Jewellery special schemes
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VAT refund for tourists
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VAT refund for non resident businessmen
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VAT refund on transactions made by diplomatic bodies consulates and international organizations
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Adjustments arising from changed use of goods or services – output tax
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VAT Trends and Communication Strategy VAT Fraud
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Discovery and Reporting
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Wrap-up and Self test
Vendor
Frequently Asked Questions
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How does Live Training works?
Live training, also known as online training, is a method of delivering training in real-time over the internet. The trainer and the trainees are connected through video conferencing software, allowing for interactive communication and collaboration. During live training, the trainer can present materials, lead discussions, answer questions, and engage with the trainees in real-time. -
Does Learnfly offer Classroom & Onsite training as well?
Yes. We Do! We do offer classroom, onsite, group sessions & 1 on 1 training for selective courses. Contact our support team and our team will assist you with the process. -
Do you provide certification and exam assistance?
Yes! We provide assistance in scheduling & preparing for your exam after a successful training completion. Once you successfully pass your exam, you will be awarded with a certification. -
What if I miss my scheduled class or want to reschedule?
No worries. You can simply request for the next date as per your availability. -
Can I change the trainer if not satisfied?
We only provide highly qualified and certified trainers with 100% satisfaction rate. However, if you are not satisfied with the trainer, you can request for a free replacement. -
Do I get a lab access with the course?
Yes! If your training require a lab access, then it will be included in the price. -
Is Learnfly accredited?
Yes! Learnfly is accredited with many renowned vendors like Microsoft, ISACA, VMWare, PECB, EC Council. Cisco and many more. -
Are Learnfly Instructor's Certified?
Yes. We only provide training via Certified Instructors. -
Where is Learnfly Located?
Learnfly is a global training provider with locations in India, United States, United Kingdom, UAE, Australia & Africa. -
Does Learnfly offer after training support?
Yes. We offer 1 month free support after your training completion for any queries related to your course, examination etc. -
What is Learnfly Platform?
Learnfly Platform is an omnnichannel Learning Management System that allows you to access thousands of self paced courses, attend live classes, track certifications, access interactive quizzes & assignments, Online labs, connect with Instructors & do much more. Join the platform to know more. -
Do you offer a demo live session with an instructor?
Yes! If you need a demo session to get a feel of live training or to evaluate an instructor, then you can request for a 15 minutes free live session. Connect with our training team for more info. -
Can I get a refund if not satisfied?
All of our training comes with 30 days money back guarantee. Refunds are only applicable on instructor training. Exam, labs are non-refundable. -
How can I make a payment for my training?
We accept all major payment methods like debit/credit card, PayPal and Bank Wire transfer. For bank transfer, please contact us at support@learnfly.com -
How can i get started?
Super! Simply click on "Book Now" button on this page to reserve your seat and make a payment. You can choose from available schedules or provide your own. For anything else like quotation, purchase order, bank wire details etc, please contact our training team at support@learnfly.com. See you learning with us soon!
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