VAT

Course Description

This course is provided to equip accountants, businesses and other participants with the principles of value added tax in which will give them the support for the implementation effects in the businesses. VAT course explains how tax can affect the business and the accounting for taxation.

Who should attend or potential job occupation?

1. Anyone that manages at least 2 people.
2. Accountants.
3. Auditors.
4. VAT Coordinator.

Topics/ Content outline

1. The effects of the business operation.
2. The implementation of VAT in GCC.
3. The overview of the regulation and registration of VAT.
4. The new terminologies related to VAT.
5. Application of VAT in terms of the accounting system and manage the financial effects.
6. The important calculations of VAT.
7. The importance of VAT awareness, filing, and administration.

Training Methods

Material and supporting research and articles, the course provides participants with the opportunity to conduct several self-assessments and group activities to understand their capability to apply and understand the VAT on their companies. Participants will also go through several case
studies and examples to understand the usage of VAT, the benefits and challenges when applying VAT.

Learning Outcomes:

1. Identify the effects of business operations example of several industries
2. Learn The implementation of VAT in GCC.
3. Identify the overview of the regulation and registration of VAT.
4. Learn new terminologies related to VAT.
5. Learn the steps in how companies should do with the application of VAT in terms of the accounting system and manage the financial effects.
6. Learn how to do the important calculations of VAT.

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