Course Overview:
The course is designed to provide a Complete understanding of VAT regulations in the UAE, incorporating the latest federal amendments of 2022. This course will cover key areas such as VAT UAE Overview, VAT Registration UAE 2022, Place of Supply UAE VAT, Date of Supply UAE VAT, VAT Valuation UAE, and more. Participants will gain in-depth knowledge about Input Tax UAE VAT, the Capital Asset Scheme UAE VAT, and Import Tax UAE Reverse Charge mechanisms. The course also delves into the nuances of Exempt Supplies UAE VAT and Zero-rated Supplies UAE VAT, along with the Export Impact on VAT and the implications for Designated Zones. Additional modules include Transitional Provisions UAE VAT, maintaining accurate VAT Records, and the processes for VAT Returns and Payments. The course will also cover VAT Offences and Penalties, ensuring participants are fully equipped to handle all aspects of VAT compliance.
Target Audience:
- Tax Consultants
- Finance Managers
- Accountants
- Compliance Officers
- Business Owners
Targeted Organizational Departments:
- Finance Department
- Legal Department
- Compliance Department
- Accounting Department.
Targeted Industries:
- Retail
- Manufacturing
- Real Estate
Course Offerings:
By the end of this course, participants will be able to:
- Understand VAT UAE Overview and Registration processes.
- Accurately determine the Place of Supply and Date of Supply for VAT.
- Apply VAT Valuation UAE principles and manage Input Tax effectively.
- Navigate the Capital Asset Scheme UAE VAT and Import Tax under Reverse Charge.
- Identify Exempt and Zero-rated Supplies UAE VAT.
- Manage VAT Records, Returns, and Payments efficiently.
- Comprehend the impact of VAT on Export and Designated Zones.
- Recognize and address VAT Offences and Penalties.
Training Methodology:
The training methodologies for the course include a mix of case studies, group work, interactive sessions, and feedback sessions. Participants will engage in practical exercises to apply concepts such as Place of Supply UAE VAT and VAT Valuation UAE. Group discussions will facilitate a deeper understanding of Input Tax UAE VAT and Reverse Charge Mechanisms, while feedback sessions will help reinforce learning outcomes related to VAT Returns and Payment procedures.
Course Toolbox:
- Complete workbooks covering all modules.
- Reading materials on VAT UAE Overview and Registration.
- Online resources for ongoing learning.
- Checklists and templates for VAT Records and Returns.
Course Agenda
Day 1: Introduction and Fundamental Concepts
- Topic 1: Overview of VAT in UAE
- Topic 2: VAT Registration UAE 2022
- Topic 3: Place of Supply UAE VAT
- Topic 4: Date of Supply UAE VAT
- Topic 5: VAT Valuation UAE
- Topic 6: Input Tax UAE VAT
- Reflection & Review: Summarize the key points discussed during the day.
Day 2: Advanced VAT Concepts and Compliance
- Topic 1: Capital Asset Scheme UAE VAT
- Topic 2: Import and Taxability under Reverse Charge
- Topic 3: Exempt and Zero-rated Supplies UAE VAT
- Topic 4: Export Impact on VAT UAE
- Topic 5: VAT in Designated Zones UAE
- Topic 6: Transitional Provisions UAE VAT
- Reflection & Review: Review the day's content through interactive discussions, practical examples.
Day 3: Compliance and Record Keeping
- Topic 1: Maintaining VAT Records UAE
- Topic 2: VAT Returns UAE
- Topic 3: Payment of VAT UAE
- Topic 4: VAT Offences UAE
- Topic 5: VAT Penalties UAE
- Topic 6: Practical Application and Case Studies
- Reflection & Review: Conduct a session to reflect on compliance requirements and record-keeping practices.
Day 4: Federal Amendments to VAT Decree-Law No. 18 of 2022 (1)
- Topic 1: Overview of Federal Decree-Law No. 18 of 2022 Amendments
- Topic 2: New Definitions (Article 1)
- Topic 3: Exception from Registration for Persons Already Registered for VAT (Article 15)
- Topic 4: Deregistration Initiated by the FTA (Article 21)
- Topic 5: Place of Supply of Goods (Article 27)
- Topic 6: Clarifying the Place of Residence of the Principal (Article 33)
- Reflection & Review: Discuss the impact of these amendments on businesses.
Day 5: Federal Amendments to VAT Decree-Law No. 18 of 2022 (2)
- Topic 1: Value of Supply and Deemed Supply Between Related Parties (Article 36)
- Topic 2: Specifying the Period Within Which Tax Credit Notes Must Be Issued (Article 62)
- Topic 3: Issuance of Tax Invoices (Article 67)
- Topic 4: Statute of Limitation (Article 79 bis)
- Topic 5: Public Clarifications on Amendments
- Topic 6: Complete Q&A and Wrap-up Session
- Reflection & Review: Summarize the key learnings from the course.
How This Course is Different from Other VAT Courses:
The course stands out by offering the most up-to-date information on VAT regulations in the UAE, including the latest amendments from 2022. Unlike other courses, this program provides a detailed focus on practical application, with modules on specific topics such as VAT Valuation UAE, Input Tax UAE VAT, and Reverse Charge Mechanisms. The course also offers unique insights into the impact of VAT on Designated Zones and Export processes, ensuring participants are well-prepared for real-world scenarios. Additionally, the course's interactive training methodology, use of innovative tools, and Complete resources make it a standout choice for professionals looking to master VAT compliance in the UAE.
