Objectives of our VAT training in Abu Dhabi:
- Comprehend VAT ideas in detail and its appropriate guidelines in UAE
- Comprehending of VAT account building, appending data and supervise it for filling
- Manage all the VAT concerned difficulties for your business
- Explain how VAT functions, mainly with reference to output tax and input tax
- Recognize how VAT is applicable to global transactions of both goods and services.
- How the VAT system permits making sure that imports and exports are neither privileged nor deprived over national supplies by smearing Double Tax agreement.
- Classify the significant administrative problems that VAT necessitates.
- Identify how to design your VAT balance.
What are the benefits of our training?
- You will understand the VAT registration process
- The process of VAT designs and VAT bookkeeping
- You can easily understand what is output and input VAT
- You will get a complete idea on how the rates are applicable for VAT
- Know about the exempted goods and services
- Incomplete exclusion rules for businesses
- VAT action of import and export
- The profitable inferences of VAT on businesses
- Producing and upholding VAT documentation
- Compliance of VAT returns
Course Outline:
Our VAT Classes in Abu Dhabi comprise of topics such as:
- Overview of VAT
- Accounting for VAT
- What does a VAT invoice look like?
- Accounting entries for VAT
- VAT on expenses
- Self-supply of goods and services
- VAT on sales
- Rebates offered to consumers
- VAT entries for down-payments
- Treatment of damaged goods
- Sale on consignment
- Functioning and finance leases
- Entities offering non-vatable activities
- Trial balance statements needed to finish a VAT return
- Expected format of a VAT return
- Place of supply: local versus export
- VAT on sales charged on delivery, invoice or payment date
- When to record and recover VAT on goods and services received
- Local delivery
- Imported goods and services
- Discounts and free goods treatment
- The party liable to pay VAT
- Zero-rated supplies
- Deemed supplies
- Place of supply: local versus export