Value Added Tax (VAT) - Implementation in Saudi Arabia/ Gulf

General Concepts, Operations, Implementation and Accounting of VAT

Ratings 4.44 / 5.00

Value Added Tax (VAT) - Implementation in Saudi Arabia/ Gulf

What You Will Learn!

Learn Concept and Principles of VAT
Know its implication in Saudi Arabia and gulf
What is subject to standard rate, zero rate or exempt.
How to handle Export and Imports
How to do VAT Accounting for VAT Payable/ Receivable/ Neutral
How to handle discounts and adjustments
How to fill a VAT Return

Description

Tax Accountant are in high demand now in the Gulf as GCC is implementing VAT. This course helps the Accountants and the stakeholders to understand VAT Concepts and Operations and it provide guidance on VAT Accounting.

Value Added Tax is already implemented in most parts of the world and now it is Gulf's turn. So, in Gulf pre-implementation work has been completed and from January 01, 2018 all the registered business have started charging VAT on supplies of Goods and Services with in Saudi Arabia.

As the member states in GCC are negotiating to treat GCC on Single Territory Concept, the concept and rules are same in all states with minor exceptions hence this course will help prepare all the accountants and administrators in the Gulf for this implementation process.

After this course they will be equipped to respond to this implementation challenge and will lead their organization in the whole process as well as train their team to get best output and achieve organizational goals.