Value Added Tax (U.A.E)

This lecture explains the basic concepts of VAT including:

• Differentiation in the supply of goods and services;

• Time of supply (Tax point);

• Place of supply; and

• Value of supplies.

On completion of this lecture, students will gain in-depth knowledge to determine the place of supply for the supply of Goods and Services, valuation of the supplies using the monetary and non-monetary consideration and the time when tax liability arise.

This lecture explains:

• Registration conditions;

• Registration threshold;

• Types of registration;

• Exception from VAT registration; and

• Deregistration

On the completion of this lecture, the student will be able to understand the basic conditions apply for the VAT registration and registration. Also, they will be able to determine if the business should apply for Exception from VAT Registration or not.

This lecture explains:

• Tests to calculate VAT Registration Threshold;

• Time to apply for the VAT Registration; and

• Time to start charging VAT to the clients.

On the successful completion of this lecture, students will be able to understand the application of Historical and Future test to calculate the VAT Registration threshold. They will also learn about the time when business should apply for VAT registration to avoid the fines/penalties of late VAT Registration.

This lecture explains, how to complete the VAT registration application with FTA and the documents required for the registration. This lecture will walk through each section of the application form, the documents required for each section and specific information which business need to provide in each section.

On successful completion of this lecture, students will be able to complete the VAT registration form with FTA successfully to get Tax Registration Number (TRN) for their business.  

This lecture explains the categories of:

• Taxable supplies;

• Exempt supplies;

• Imports and exports;

• Deemed supplies; and

• Exceptions from deemed supplies.

On the successful completion of this lecture, students will gain detail understanding about the taxable supplies and non-taxable supplies, the difference in the Exempt and Zero-rated supplies and the concept of deemed supplies. they will also be able to determine the understand the limits when free-goods will not the considered as deemed supplies and to calculate the value of deemed supplies under specific conditions.

This lecture explains:

• calculation of output VAT;

• Recoverable and non-recoverable Input VAT;

• Calculation of recoverable Input VAT; and

• Reverse Charge Mechanism (RCM)

On the successful completion of this lecture, students will be able to calculate output VAT including the output VAT under RCM for services and goods imported in the state. They will also be also to segregate the recoverable and non-recoverable input VAT expenses to calculate the recoverable Input VAT from the local purchases and under RCM category.

This lecture explains:

• Sections of VAT return form;

• How to complete the VAT return form? and

• How to make payment for the Tax Liability?

On the successful completion of this lecture, the student will be able to complete all the sections of the VAT return form and submit the VAT return successfully with FAT. They will also be able to understand the different methods available to make payment for the VAT and completing the Payment process.