Course Details

Overview of the course:

Value Added Tax (VAT) is a consumption tax assessed on the value added to goods and services. VAT is a self-assessed tax and it is the responsibility of all entities to put into place the correct systems, processes and controls to ensure that VAT on relevant transactions is recorded and reported accurately, as required by the VAT regulations, and where applicable, the correct & timely payments are made to the authorities.

For whom the course is?

Finance Managers, Controllers, Accountants, Chief Accountants

Purchase Managers, Departmental heads, Sales Managers

HR & Admin Managers, Owners, CEOs, Directors

Fresh graduates willing to enter into job markets

The outcome of the course:

Complete conceptual understanding of UAE VAT

Understand Taxable Supply, Deemed Supply, Exempt Supply, Zero Rate Supply & Out of Scope Supply

Registration & De-Registration including Tax Group treatment

Administrative & Regulatory procedures

Treatment of Cross-border transactions and transactions between ML & DZ

Records keeping & Return Filing, payments and adjustments of Output and Input Tax

RCM & Capital assets scheme

Rights and obligations of the taxable person, fee and penalty structure

Complete conceptual understanding of UAE VAT

Understand Taxable Supply, Deemed Supply, Exempt Supply, Zero Rate Supply & Out of Scope Supply

 Major Course Outlines

Important Terms and definitions Types of Supplies /Deemed Supply/Composite Supply/Place of Supply/Date/Value of Supply Standard Rate Supply/Zero Rate Supply/Exempted Supply/Out of Scope Supply Registration & De-Registration Capital Assets Scheme Designated Zones Reverse Charge Mechanism-RCM Tax Calculation/Recovery and Adjustments Returns/Tax Invoice/Credit Notes Treatment of Imports and Exports Tax Group Transitional Rules Record keeping & Accounting Violations and Penalties Impact on various Sectors Return Filing, Payments and Refunds

Note: The coverage of contents is based on the level/format of courses

Course Duration:

• One Day Course-6-7 hours-Each Saturday

Course fee:

• One Day Course-AED 399
• Discount for multiple enrolments
• Certificate provided
• Presentation Slides provided

Our Training Approach:

• Course materials and hand-outs
• Mock tests, Case studies with simulations
• Training in a small batch for personalized attention
• Training by Qualified professionals and Subject Matter Experts
• Flexible timings          

Why choose ELEGANT?

• Our training starts from Basic yet in detail
• Cost effective yet best quality
• Each course by certified & qualified and subject matter experts
• Course Completion Certificate
• Flexible timings-evenings and weekends