[K12ltsp-list] Value Added Tax Compliance

[VAT in GCC]

Value Added Tax (VAT) Compliance

An Early Assessment of the Possible Impact VAT May Have on Your Transactions and GCC Trade

10 – 11 September 2017 in Dubai, United Arab Emirates

 

Dear Leaders,

Workshop Overview:

The GCC Member States are in the process of approving the long anticipated common framework for the introduction of a Value Added Tax (VAT) system in the GCC. The common VAT framework will form the basis for the introduction of a national VAT system by each Member State.

While there are a number of challenges that still need to be addressed before it is introduced, VAT will help governments to deliver on long-standing plans for economic diversification away from oil, while still being able to deliver social and economic programmes.

VAT is expected to be introduced at a rate of 5% with some limited exceptions including basic food items, healthcare and education. The UAE are planning to implement on 1 January 2018 - other GCC countries may do so at the same time or by 1 January 2019 at the latest.

Businesses in the UAE (and GCC) should start planning now how the changes could impact their business, to ensure a smooth transition. This course will help you achieve exactly that.

 

Benefits of Attending:

·         UNDERSTAND the concept of VAT and its impact on the economy

·         UNDERSTAND the impact of VAT on the operational and financial performance of the business

·         DIFFERENTIATE various type of supplies with reference to VAT

·         DIFFERENTIATE Input VAT and Output VAT

·         CATEGORIZE the supplies for VAT calculation

·         UNDERSTAND the impact of VAT on the Imports and Exports to the member countries (Gulf Region) and nonmember countries (rest of the world)

·         PREPARE the invoices including VAT

·         UNDERSTAND the VAT registration process and prepare required documents for VAT registration

·         UNDERSTAND VAT administration, fines and penalties related to VAT filing

·         IDENTIFY common errors in VAT calculation

 

Enquiry and Registration:

For more information and registration, do send an email to registration at trainingforprofessional.com with the following subject title:

Dubai Session: VAT-DBX

For any other inquiries, please do not hesitate to contact Catherine at +65 6825 9599 / +65 8748 8871 (whatsapp only) or email at registration at trainingforprofessional.com

 

 

To remove from our mailing list forward this email to registration at trainingforprofessional.com with subject title Remove
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listman.redhat.com/archives/k12ltsp-list/attachments/20170620/43d7d8f1/attachment.htm>