July 16, 2017

VAT Training

vat in uae - vat dubai

Value Added Tax (VAT) in Dubai will be implemented  from 2018. Are you prepared?

Saeed Al Bannai (SAB) Auditing of Accounts is pleased and thrilled to launch VAT Training in Dubai. This particularly designed VAT Training program analyze the rules and regulations of VAT in UAE and clearly shows the main contents, procedures and controls that should be established to ensure VAT returns are submitted correctly and accurately and on time.

Our training can be one to one or a group session and will give you a complete understanding of VAT in UAE, covering all the important and vital topics and giving you the  faith and the confidence to know if you are dealing with VAT in Dubai correctly.

  • Awareness of the VAT in UAE 
  • Impact of VAT on the Economy of UAE
  • Impact of VAT on the businesses
  • VAT in UAE Implementation
  • Input & Output of VAT in UAE
  • Preparation of Invoices
  • VAT Registration process
  • Required documents for the VAT Registration
  • Filing of VAT Returns
  • Filing of VAT Refunds
  • Error in VAT calculation
  • VAT fines and penalties
  • VAT Accounting Procedures
VAT Certification in UAE

Course Outline

What is VAT?
Concept of VAT
Input and Output VAT

CATEGORIES OF SUPPLIES
Taxable Supplies
Reduce rated Supplies
Zero rated Supplies
Exempt Supplies
Zero Rated Vs. Exempt

VAT REGISTRATION
Reason behind VAT in UAE implementation
Impact of VAT in UAE                                                                                          Procedures and laws of VAT Registration

VAT CALCULATION
When should VAT be accounted for?
Calculating Input VAT (Purchases & Expenses)
Calculating Output VAT (Sales, Services & Gifts)

VAT ADMINISTRATION
Filing VAT returns
VAT UAE Schemes
Timing for VAT Filing
Claim for VAT Refunds

VAT FINES & PENALTIES
Late payment/ submission penalties
Error and penalties
Default interest rate

VAT INVOICES AND RECORDS
Layout of the VAT Invoice
Charging VAT on Invoice price
VAT invoices Record Keeping

VAT ERRORS
Pre-registration input VAT Calculation Relief Calculation
Valuation of Supplies                                                                                          VAT Health Check up

VAT in Dubai 2018