Home All Courses CVAT Certificate in Value Added Tax Implementation

4.9

2 alternative location(s) available

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Course Overview
5 Key Takeaways
Course Outline
Who Should Attend?
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Course Overview

This specially designed VAT Training program examines the rules and regulations of VAT and clearly demonstrates the procedures and controls that should be in place to ensure VAT returns are submitted accurately and on time. This training will give you a complete understanding of VAT, covering all the essentials topics and giving you the confidence to know if you are dealing with VAT correctly. The VAT Training is developed to equip your team to adequately embrace the VAT requirements in Global context. The introduction of VAT represents a significant change in tax policy and will have a major impact on businesses across GCC.

The program will provide a thorough understanding of the basic concepts and principles of VAT and how it operates internationally. When national VAT law of the country where the company is operating is issued, the program will be based on the content of the mentioned law and its secondary legislations.

2 alternative location(s) available

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5 Key Takeaways

1

Understand the basic concepts and calculation of tax base and rate.

Discuss some advantages and disadvantages of the VAT.

2

3

Describe VAT mechanism, particularly in respect of output tax and input tax, in such a way that it remains neutral in its application by businesses.

Identify how VAT applies to international transactions of both goods and services.

4

5

Explain the impact of exemption in VAT and how tax is calculated by businesses that deal in exempt supplies.

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Course Outline

DAY ONE

Introduction of VAT

Agenda
Updating on GCC’s VAT

Definition and Characteristics of VAT

VAT definition
VAT mechanism - Input VAT - Output VAT
VAT terminology - Input VAT - Output VAT - Zero rated - Exempt - Out of scope
Advantages and disadvantages of VAT

Scope of the tax

Taxable transactions(supply of goods and services) - Taxable goods - Taxable services
Chargeability of VAT
Liability for VAT
Taxable persons - Threshold
Place supply of goods and services
Time of supply
Import transactions

VAT calculation

Tax rate
Taxable base

Case study: Determining registration date

Exemptions from VAT, Zero rated and Out of scope

Exempted activities
Exempted goods - Local - Import
Zero rated - Goods - Activities
Out of scope

Reverse charge and deductibility of VAT

Reverse charge
Right to deduct
Apportionment of Input VAT and Pro-rata (Direct Allocation, Proportional Deduction)

Case study: Calculation of the rate of recoverability

DAY TWO

VAT taxpayers and their obligations

Registration
Filing obligations
- Periodical VAT returns
- Payment of VAT due
- VAT claims
- Non compliance
Reporting
- VAT GL accounts
- Books and records
- VAT Invoices
- Supporting information for VAT deduction

Special cases of VAT

Cash Business
Obligations for non residents
Jewellery special schemes
VAT refund for tourists
VAT refund for non resident businessmen
VAT refund on transactions made by diplomatic bodies consulates and international organizations
Adjustments arising from changed use of goods or services – output tax

VAT Trends and Communication Strategy VAT Fraud

Discovery and Reporting

Case study: Exercices and group discussion

Wrap-up and Self test

EDUCATIONAL PARTNER

LEORON - Professional Development Institute

Built upon the strong experience in the manufacturing sector, which the founders developed in Sweden during the 90’s global expansion, LEORON evolved into a comprehensive training institute, offering training and development solutions in all strategic corporate functions, including corporate finance, HR, SCM, operations, and engineering.

With strategic distribution of our offices in leading locations, such as Dubai, Riyadh, Jonkoping, Skopje, Accra, and Almaty, our team of experts delivers approximately 500 courses annually, and roughly 10000 professionals are equipped with appropriate education and the latest insights in a wide assortment of industries across the EMEA region.

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Who Should Attend?

This highly practical and interactive course has been specifically designed for:

CEO/CFO/COO/CIO
Tax directors
Financial controllers/managers
Procurement managers
Legal and contract affairs professionals
Information technology managers
Sales and marketing managers

3 alternative locations available

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What language will the course be taught in and what level of English do I need to take part in an LEORON training program?

Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.

Are LEORON Public courses certified by an official body/organization?

LEORON Institute partners with 20+ international bodies and associations.
We also award continuing professional development credits (CPE/PDUs) for:
1. NASBA (National Association of State Boards of Accountancy)
2. Project Management Institute PDUs
3. CISI credits
4. GARP credits
5. HRCI recertification credits
6. SHRM recertification credits

What is the deadline for registering to a public course?

The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +971 4 447 5711 or [email protected].

What does the course fee cover?

The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.

Does LEORON give discounts?

Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

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LEORON Accredited by ANSI

CVAT Certificate in Value Added Tax Implementation

Course Overview

In-House

5 Key Takeaways

1

2

3

4

5

See What’s Inside Our 2022 Catalog

Download Catalog

Course Outline

DAY ONE

Introduction of VAT

Definition and Characteristics of VAT

Scope of the tax

VAT calculation

Case study: Determining registration date

Exemptions from VAT, Zero rated and Out of scope

Reverse charge and deductibility of VAT

Case study: Calculation of the rate of recoverability

DAY TWO

VAT taxpayers and their obligations

Special cases of VAT

VAT Trends and Communication Strategy VAT Fraud

Discovery and Reporting

Case study: Exercices and group discussion

Wrap-up and Self test

EDUCATIONAL PARTNER

LEORON - Professional Development Institute

Ta3leem

Who Should Attend?

This highly practical and interactive course has been specifically designed for:

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