VAT - Value Added Tax Implementation

The participants will achieve the following objective:

• Introduction and relevance of VAT to your role and industry
• Understanding 'What is VAT?' and How it works
• How VAT will change the Accounting system
• How VAT is to be treated by the Accounting System
• Comany Creation
• Tax Registration No
• VAT Input Credit
• VAT Output Credit
• VAT on Inventory
• VAT on Expenses
• VAT on Refund
• VAT on Payables
• VAT Administration(Monthly Payments, Quarterly Return & Annual Returns)
• Reverse Charges
• VAT Scenarios - cases and examples
• Filing returns for your Businesses monthly, annualy, without external support
• VAT and its impact on dealing with stakeholders in GCC and outside

Eligibility / Requirements

All professional working in Finance and managing Finance within Organisations