Professional VAT Training Solutions in the UAE
VAT Training in UAE: With the implementation of the Value-Added Tax (VAT) regulation in the United Arab Emirates, effective as of January 1, 2021, it is imperative for businesses to promptly register and prepare for this new tax framework. Failure to comply may result in significant penalties.
Our dedicated team at MP Elites Consulting is available to guide you meticulously through the complex VAT registration process. Additionally, we offer comprehensive VAT training courses in Dubai and throughout the UAE, tailored to equip your organization with the knowledge and skills necessary to navigate the VAT landscape successfully.
For more information, please feel free to contact us.
Comprehensive VAT/Tax Training Course
Adapting Sales and Accounting Systems to Executive Regulations on Value-Added Tax
Program Overview:
This specialized training program is uniquely tailored to cover both Sales and Accounting aspects in compliance with the Executive Regulation on Value-Added Tax as stipulated by UAE Cabinet Decision No. (52) of 2017.
Course Outline:
- Introduction: An overview of Taxation Law in the UAE, with a focus on the Executive Regulation – Cabinet Decision No. (52) of 2017 concerning Value-Added Tax.
- Sales Invoice Adaptations: Modifications required in accordance with the Executive Regulation.
- Chart of Accounts Revisions: Concentrating on the inclusion of Tax Input and Tax Output accounts.
- Accounting Protocols for Sales Transactions: Detailed accounting entries essential for sales.
- Accounting Protocols for Purchase Transactions: Detailed accounting entries essential for purchases.
- Accounting for Taxes Paid: Procedures for documenting tax payments to relevant authorities.
- Accounting for Tax Returns: Steps to properly account for tax refunds.
- Tax Adjustments: Procedures and implications.
- Sales Returns: Accounting entries and regulatory compliance.
- Purchase Returns: Accounting entries and regulatory compliance.
- Write-offs in Sales and Purchases: Accounting for uncollectible sales debits and purchase claims.
- Inter-company Transactions: Rules and procedures for inter-company sales and purchases.
- Comparison: Differences between Tax Accounting Records and Traditional Accounting Records.
- Tax Filing and Declarations: Requirements as per the Executive Regulation.
- Group Tax Filing and Declarations: Regulations and requirements for group entities as per the Executive Regulation.
Course Description:
Designed to provide an exhaustive understanding of VAT implementation in the UAE, this program equips companies with the necessary tools to educate their staff comprehensively. An experienced VAT consultant will deliver the training on-site. Please note that additional fees will apply for clients located outside the UAE.
Why Should You Participate in Our VAT Training Program in Dubai?
Participating in our Value-Added Tax (VAT) training program in Dubai offers invaluable insights for organizations aiming to navigate the complexities of VAT regulations, a relatively new fiscal landscape in the UAE. This program is meticulously designed to empower accounting professionals within companies to acquire a comprehensive understanding of VAT, including its proper accounting treatment.
Our curriculum encompasses a range of critical topics, from industry-standard invoicing procedures to accurate journal entries. Furthermore, we offer in-depth explanations on the economic implications of VAT for the UAE, elucidating how this impacts your business. The program also includes hands-on training on preparing VAT return forms and covers the unique VAT accounting requirements for diverse types of goods and services.
Designed specifically for those unfamiliar with VAT or who are in decision-making roles with VAT implications, this training provides a definitive guide to successfully integrating VAT protocols into your business operations.
Recommended Attendees for Our VAT Training Program in Dubai
To ensure cohesive and holistic compliance within your organization, we strongly recommend the attendance of the following staff members:
- Chief Financial Officers (CFO) & Chief Executive Officers (CEO)
- Senior Accountants
- Chief Accountants
- Accounting Managers
- Treasurers & Cashiers
- Tax Consultants
- Tax Preparers
- Staff Accountants
- Controllers
- Internal Auditors
- Procurement Managers
- Additional Accounting and Financial Staff
- Finance Managers
- Cost and Budgeting Managers
By sending a cross-functional team, your organization stands to gain a unified understanding of VAT, thereby optimizing compliance and strategic planning.
