VAT or Value Added Tax is a self-assessed tax that all organizations must comply to in the UAE. It is the responsibility of all companies to put into place the correct systems, processes and controls to ensure that VAT on relevant transactions is recorded and reported accurately on a timely basis. This VAT training course is open for all levels of staff in both corporate and government sectors.

Who should attend: The GCC VAT Compliance Diploma is ideal for tax managers, finance managers, for tax professionals responsible for the administration of VAT and for those in a VAT regulatory role in the private or public sector. It is suitable for anyone who wants a detailed understanding of the GCC VAT legislation and its application in their organization.

Course Outline:

• GCC Framework
• Concept of VAT
• Scope of VAT
• Meaning of Supply including Deemed, Exempted and Zero-Rated supplies
• Import and Export of Goods and Services
• Concept of Designated Zone and VAT implications
• Registration
• Place of Supply
• Reverse Charge Mechanism
• Value of Supply
• Tax Period, Returns, Payment and Recovery of Tax
• Records
• Transitional Provisions
• Miscellaneous