Learn About Vat Filing In Uae

Be fully knowledgeable on the VAT implementation in UAE: from conceptual understanding to filing. Value Added Tax (VAT) is a consumption tax assessed on the value added to goods and services. Being a self-assessed tax, 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.

This 6-hour certificate course will provide you with comprehensive training to ensure that you do the correct and timely payment of VAT as mandated by the law. Lessons are delivered in small groups but can also be given as 1-on-1 depending on the instructor and participant’s availability. Pre-requisite: You must have basic accounting knowledge.

Who Should Attend

• Finance Managers, Controllers, Accountants, Chief Accountants.
• Purchase Managers, Departmental heads, Sales Managers.
• HR & Admin Managers, Owners, CEOs, Directors.
• Fresh graduates seeking to enter into job markets.

What you will learn

• 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.

Course Outline

• 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

Additional Info

• Pre-requisite: You must have basic accounting knowledge.
• Participants will receive a KHDA-approved professional certificate (if required, KHDA attestation can be arranged for a fee of AED 150, to be paid directly to the institute)