Course

GCC VAT

WHAT’S THIS PROGRAM ABOUT?

• VAT is introduced in GCC, and 4 of the member countries already implemented Value Added Tax (VAT); however, the remaining are planning to implement it in the near future
• This course will help you to understand VAT basics and techniques. Knowledge of VAT not only helps you stand out from others in your organization, but it will get you ready for the next level
• By the end of this course, you will be able to understand the VAT mechanism, VAT terms, their operations and accounting with practical examples. Once you get the basics right, you can apply the specific VAT laws and regulations to any organization or business.

CURRICULUM

• Enabling & Configuration of VAT
• Local Taxable purchase
• Purchase from un-registered dealer
• Import
• Local Taxable Sales
• Intra GCC Sales
• Intra GCC subsequent Transfers
• Cash sales & Inclusive of Tax
• Sale with Multi-currency
• Input tax Credit on Business expenses
• Discount & Addl Charges
• Advance Receipt
• Sales – Profit Margin
• Sales & Purchase Return
• Vat Report

TRAINING ENABLERS

• Complementary learning materials
• Modern and well-equipped training facilities
• Experienced instructors
• Flexible classes in Online and Offline Mode