Gulf Vat Course and its Benefits

 

GCC(Gulf Cooperation Council) has decided to implement VAT in Gulf countries. So Tax accountants are in high demand because of this. VAT or value-added tax has been implemented in most countries, and now the Gulf countries have started implementing them. From January 01 2018, all the registered business organisations have started charging VAT on supplies of Goods and Services within Saudi Arabia and UAE. Bahrain has implemented VAT from January 01 2019, followed by Oman from April 01 2021. The other two countries, i.e., Qatar and Kuwait, will be implementing VAT very soon.

 

As the GCC member states are trying to treat GCC on the Single Territory Concept, the concept and rules are the same in all states except for minor changes. So this course will help accountants and administrators in the smooth implementation of this process.

 

After this course, they will be in charge of the implementation process and help take their firm to a new level and train the employees in this new concept, increasing their chances of promotion and salary hike.

 

What will you learn?

 

This course provides you with detailed knowledge about Gulf VAT and its use. The main highlights of this course are

 

Understand the fundamental concepts of VAT and how it functionsUnderstand the VAT registration processImpact of VAT on import and export businessImpact of VAT on significant industries and transactionsLearn how to prepare the invoice and documentation requiredVAT compliance and filing obligationsWhat is subject to the standard rates, zero rates, or exemptHow to handle discounts and adjustmentsKnow its implementation in Saudi Arabia and Gulf

 

Eligibility criteria

 

Individuals who have a degree or diploma course in accounting/tax can enrol for this course.Accountants working in Gulf countries who want a promotion and salary hike can take this course.Individuals who are looking to migrate to the Gulf and are interested in accounting and tax can consider this courseThis course is mainly for accountants, consultants and administrators who manage VAT or will handle it very soon.

 

Why get certified?

 

Unlimited career opportunities for certified candidatesProgress in career and managementIndustry favoured certificate

 

 Where to get certified?

 

Finprov is providing a certified Gulf VAT Course along with Tally Prime. Both theoretical and practical knowledge of tally prime is taught here along with Gulf VAT. Practical knowledge is taught using 3 case studies.

 

Gulf VAT Syllabus includes

General principles of VATCategories of goods and services in VATInput VAT and its calculationsVAT compliance requirementsFormat of UAE VAT returnVAT on sales and all other outputsVAT on expenses and all other inputsConditions of exercising the right of input deductionRestrictions on input VAT deductionGoods transported to GCC implementing statesTransporting own goods to other GCC statesVAT groupsVAT invoice and recordsFines and penaltiesaudits

 

Who all can enrol for this course

 

CFOFinance ManagersAccounting and Finance staffAuditorsTax ManagersSales and marketing staffDepartment HeadsProcurement supply chain Managerscom, M.com, MBA graduates

 

Finprov provides a hybrid course, i.e. you can take up this course both online and offline depending upon your comfort. It is a two-month course where you will learn about Gulf VAT and its usage. You can also customise your time according to your needs.