
We talk about the framework of VAT from a legislative perspective to ensure you understand the source of the rules and where it derives from. Who is responsible for issuing VAT policy and the main bodies.
We discuss here about what output tax is and its meaning under the law. The importance of it from a supplier's perspective and their responsibility.
An outline of the different VAT rates in the UAE and what sectors fall into which under the Law.
We discuss here what input tax is, when it can be recovered and how much. Also special rules to be aware of for businesses.
Probably the most asked about question and which students and VAT practitioners find difficult to get their heads around. It links with imports well and should always be a thought when dealing with cross-boarder imports. Understand how this important concept works and when it can be applied to domestic supplies.
This course is brought to you by VAT experts trained by the Big 4 Accountancy firms in the UK, boasting over a decade of experience. With extensive experience in the UAE, assisting clients with VAT implementation and compliance, they bring a wealth of knowledge to share.
Our primary goal is to equip you with a robust understanding of how VAT operates and its specific application within the UAE. The UAE’s VAT system, governed by the Federal Tax Authority (FTA), also interacts with other GCC states, adding another layer of complexity.
VAT impacts all businesses, with the majority required to register. This course will help you understand the responsibilities of your business under VAT law and how it affects various aspects of your business model. This includes implications for existing contracts, pricing strategies, sales and marketing efforts, and overhead costs.
We also highlight the compliance obligations under VAT law, ensuring you’re well-equipped to meet these requirements. By the end of this course, you’ll have a comprehensive understanding of VAT and feel confident in navigating its complexities. Now with Key updates from 2020 onwards; Including tax Assessments, tax audits and voluntary disclosures.
VATCentric is here to help with your compliance and Consultancy needs.