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Accounting for VAT- Abu Dhabi

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Accounting for VAT- Abu Dhabi

About This Course

An agreement on a common VAT framework to be implemented across the GCC states is expected on 1 Jan 2018. In anticipation of the issuance of the final legislation, our ‘Preparation for VAT’ Series will help you begin to prepare for this change. The Programme is designed to cover the principles of VAT, and its impact on individuals and businesses in the GCC.

Career Advancement Areas

Using practical examples, quizzes and case studies, this course enhances the understanding of the mechanics of VAT calculations, the categories of goods and services VAT is likely to be applied to, and the VAT treatment applicable to different types of supplies.
E-learning modules are available to introduce the essential VAT concepts for newcomers to VAT, or as a refresher for those who have past experience in this area.

What You Will Learn

  • The mechanics of VAT calculations and VAT accounting
  • What is Output and Input VAT?
  • Different types of supply: Taxable, Exempt and Outside the scope of VAT
  • The time and place of supply
  • When to charge Output VAT?
  • When to recover input VAT?
  • The recoverability of input VAT
  • Essential VAT records and documentation
  • What does a VAT invoice look like?
  • What documentation is required to reclaim input VAT?
  • How to the complete a VAT return?

Instructions

Prerequisites
None
Duration
1 day
Specialities
Accounting VAT
Who Should Register?
  • This course is suitable for individuals working in roles up to finance assistant who are involved in accounts preparation and maintenance and who need an understanding of how VAT is accounted for from transaction through to VAT return.

Overview

PwC's Academy
Course Type:
Training Course
Study Mode:
Classroom
Location:
Abu Dhabi
Fees:
$900
Certification:
Certificate by PwC
Date:
20/03/17
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