VAT - Awareness

This program 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. 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 Orient MCT program helps to develop your team to adequately embrace the VAT requirements in Global context.

Workshop Content:

• Global VAT development & Latest updates for UAE
• Understand the concept of VAT and its impact on the economy
• How does VAT works
• Calculate Input VAT and Output VAT
• Categorize the supplies for VAT calculation
• Differentiate Accounting methods concerning VAT
• UAE Compliance Requirements
• Impact of VAT on UAE business and individuals
• Eastern Europe experience of dealing with VAT and tax planning
• Adjustments to ERP system needed (based on SAP)