vat consultancy in dubai
Individuals attending this VAT course will be working with VAT Trainers at an operational level on the procurement or accounts payable side of a business. They will gain a clear understanding of input VAT and its recoverability. Attendees will have the opportunity to practice what they have learned using a range of case-study scenarios and practical examples.
This VAT training course is perfectly suitable for all professionals working in sales, purchasing, accounts, tax department, payable, and receivable accounts, account manager, finance manager, CEO, Entrepreneurs, etc.
Since oil prices have been cut in half in UAE and the majority of Gulf states, this meant nations’ revenues were also been halved. The problem was in the expenditures remaining the same. Oil-dependent nationals started accruing debt at faster rates. Measures had to been taken to balance the budget, and that included implementation of VAT, including in the UAE.
The introduction of value-added tax (VAT) apart from other things, helped create more than 5,000 new jobs for tax and accountancy executives. Some large consultancy firms already starting to increase their headcount.
VAT was also responsible for providing the UAE region with a new source of income, which was in line with Govt’s resolve to continue providing high-quality public services in the future. It also helped the government move towards its vision of reducing dependence on income derived from oil and other hydrocarbons.
VAT was introduced across the UAE on 1st January 2018 at a standard rate of 5%. More details about VAT (Value Added Tax) Reference: More Details
One of the most demanding certificates is now about VAT training and certification. VAT training is offering training on SAP, VAT certification, inter-company sales, stock transfer, purchases, etc. VAT training will help the audience to develop the crucial expertise and understanding of filing VAT returns. This will reduce the risk of exposure to VAT penalties and liabilities.
Accountants, internal auditors, finance managers, tax preparers, tax consultants, and other professionals in the accounting and finance industries. VAT training is beneficial for all the individuals who have to work in the accounting and taxation department to know more about the UAE VAT regulations.
In VAT training, an introduction to the VAT and Training Program in UAE will be given. How VAT is to be treated by the Accounting System, Trading, VAT application in types of businesses, manufacturing, events, services, real estate, and professional services will be covered in the VAT training.
Basically, since VAT has become mandatory for entities in the UAE, everyone is encouraged to take VAT training. All those individuals whose job requirement is to engage in tax provisions directly are expected to attend the VAT training course.
VAT training in the UAE benefits professionals to understand the significance of managing VAT calculations and operations. VAT management can be complicated but if you take the training course then you will be aware of the actual VAT knowledge. If you have proper VAT registration, then the organization will not have to deal with unnecessary violations and penalties.
It is always recommended that you should select a VAT consultancy firm in UAE that can save you from VAT avoidance. Some of the best VAT consultancy firms in the UAE also provide VAT training which can help you a lot. Select one of the best VAT consultancy firms and complete the VAT training course.