The Vat Framework: Compliance, Implementation & Management

Course Overview

This specially-designed VAT Framework training seminar examines the rules and regulations of VAT and clearly demonstrates the procedures and controls that should be in place to ensure VAT returns are submitted accurately and on time.

Course Objective

Develop a better understanding of how VAT applies through the supply chain
Know how to account for VAT
Understand how to avoid VAT becoming a cost to your business
Appreciate the impact of VAT across all your business units
Have a roadmap on how to prepare your business for VAT

Who Should Attend??

The VAT Framework training course will benefit CFO’s, Finance Managers, Internal Auditors, Accountants, IT Managers, Procurement Managers, Managers of Accounts Payable or Accounts Receivable Departments, as well as Finance Professionals interested in developing their understanding of this new legislation.

Course Outline

Introduction To VAT & Compliance
Meaning Of VAT
The New Legislation
VAT Implementation & Its Effects On Business Processes
Pre-Requisites & Preparation For Businesses Before VAT Implementation
Differentiate Accounting Methods Concerning VAT
Calculate Input VAT And Output VAT
VAT Management & Beyond
Understand The Impact Of VAT On The Imports And Exports To The Member Countries(GCC)And Non-Member Countries(Rest Of The World).
Understand The Impact Of VAT On The Operational And The Financial Performance Of The Business
Preparation Of The Invoices Including VAT And Returns
Understand VAT Administration, Fines And Penalties Related To VAT Filing

Training Methodology

Presentation & Slides
Audio Visual Aids
Interactive Discussion
Participatory Exercise
Action Learning
Class Activities
Case Studies
Workshops
Simulation