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 functions

Understand the VAT registration process

Impact of VAT on import and export business

Impact of VAT on significant industries and transactions

Learn how to prepare the invoice and documentation required

VAT compliance and filing obligations

What is subject to the standard rates, zero rates, or exempt

How to handle discounts and adjustments

Know 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 course

This 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 candidates

Progress in career and management

Industry 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 VAT

Categories of goods and services in VAT

Input VAT and its calculations

VAT compliance requirements

Format of UAE VAT return

VAT on sales and all other outputs

VAT on expenses and all other inputs

Conditions of exercising the right of input deduction

Restrictions on input VAT deduction

Goods transported to GCC implementing states

Transporting own goods to other GCC states

VAT groups

VAT invoice and records

Fines and penalties

audits

Who all can enrol for this course

CFO

Finance Managers

Accounting and Finance staff

Auditors

Tax Managers

Sales and marketing staff

Department Heads

Procurement supply chain Managers

B.com, 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.