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Introduction to VAT- Riyadh

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Introduction to VAT- Riyadh

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?
  • The applicable rates of VAT (standard, zero) and which goods and services are taxable
  • Exempt goods and services, and the implications of being an exempt business
  • Partial exemption rules for businesses making both taxable and exempt supplies
  • VAT treatment of import and export, acquisitions of services from non-residents, intra-GCC supplies, and the determination of the “place of supply” of goods and services
  • The commercial implications of VAT on businesses
  • Resource requirements: human, technical and professional

Instructions

Prerequisites
None
Duration
2 days
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:
Riyadh
Fees:
$1,800
Certification:
Certificate by PwC
Date:
07/05/17
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