VAT
Seminar - UAE

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Course Overview

Value Added Tax Training Program

Lynchpin has trained over 1,800 professionals on VAT Training in Dubai. This specially designed VAT Training program 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. This seminar will give you a complete understanding of VAT, covering all the essentials topics and giving you the confidence to know if you are dealing with VAT correctly. The current VAT Training in Dubai is developed to equip your team to adequately embrace the VAT requirements in Global Context. The VAT Training in Dubai would be exploring the probable VAT landscape in GCC.

Lynchpin Training offers a variety of VAT Training Programs in UAE. Click on the buttons below to get details of our Specialized VAT Training Programs in Dubai. Lynchpin also offers VAT Consulting Services.

Click here to know more about our VAT Consulting Services.

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Training Dates

Saturday 25 February 2023

In-House Training

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Course Outline

Value Added Tax Key Terms - I

  • Concept and motive of VAT
  • Input and Output VAT
  • Supplies, Goods and Services
  • Taxable Supplies
  • Reduce rated Supplies
  • Zero-rated Supplies
  • Exempt Supplies
  • Zero Rated Vs. Exempt
  • When to register for VAT?
  • Who should register for VAT?
  • Exceptions to VAT registration i.e. when you are not required to register for VAT even if you have taxable supplies
  • Mandatory vs Volunteer VAT registration
  • Treatment of Capital Assets sale while calculating VAT registration threshold
  • VAT registration applicability on non-residents
  • The concept of Group VAT registration
  • When to account for VAT as per date of Supply Rules
  • What is the date of supply rules under special circumstances
    • For consecutive supplies (e.g. construction contracts)
  • How to establish that place of supply of any goods/services is UAE?
  • Place of supply of Goods
  • Place of supply of Services
  • On what amount VAT should be charged under Value of Supply Rules
  • Value of Supply
  • Value of Import and what is the effect of landed cost components and customs duty
  • Treatment of VAT while you are selling exempt items
  • Impact of VAT exemption on certain industries
    • Residential buildings
    • Financial Services
    • Bare land
    • Local passenger transport
    • Exemption on imports and suspension of the VAT

Value Added Tax Key Terms - II

  • When should VAT be accounted for?
  • Calculating Input VAT (Purchases)
  • Calculating Output VAT (Sales, Services & Gifts)
  • Filing VAT returns
  • The timing for VAT Filing
  • VAT Return Filing Demo
  • Claim for VAT Refunds
  • The concept of Designated Zones
  • VAT on sale from/to Designated Zones
  • VAT treatment of import and exports in such zone
  • Late payment/ submission penalties
  • Error and penalties
  • Default interest rate
  • Calculating output VAT on Exports
  • Calculating input VAT on Imports (Member countries and non-member countries)
  • The concept of Reverse Charge Mechanism
  • Accounting entries in reverse charge mechanism
  • Tax calculation and tax reconciliation under reverse charge mechanism
  • The implication of import VAT on intra-GCC transshipments
  • VAT on imports by unregistered persons
  • Layout of the VAT Invoice
  • Charging VAT on Invoice price
  • VAT invoices Record Keeping

Value Added Tax Key Terms - III

  • Data planning for the filing of VAT Return
  • UAE VAT Return structure
  • Understanding each box of VAT Return
  • Calculating and adjusting the Reverse Charged VAT in Box 3, 6 and 10
  • Rightful claiming of input VAT on expenses under Box no. 10
  • Adjustment for the profit margin scheme
  • Exempt supplies apportionment of expenses
  • VAT Refund application
  • VAT Payment

All key updates of UAE VAT issued by UAE’s Federal Tax Authority will be discussed in this training program. This includes VAT updates related to

  • Updated Tax Invoice format
  • Input VAT claim on real estate related expenses
  • VAT on directors’ services
  • Input VAT apportionment between exempt and taxable supplies
  • Designated zone supplies
  • Treatment of VAT on family health insurance
  • VAT on compensation related payments
  • Non-recoverable input on entertainment expenses

Trainer's Profile

Mr. Mirza Farrukh Baig,
FCA
Harvard Trained | CEO Lynchpin Group | Lead VAT Trainer & Consultant

Mirza Farrukh Baig-Harvard Trained, is one of our Decorated & Talented Trainer and Instructional Designer for Finance, Accounting, Risk Management training courses at Lynchpin Training. With him on the training venue, we guarantee the best style of delivery, team engagement, the energy level of the class and the WOW experience by your team is assured.

Mirza Farrukh Baig is a qualified Chartered Accountant and a career banker. He has over fifteen years of experience teaching CMA, ACCA, CFA and CA students. He is also the lead corporate trainer at Lynchpin delivering specialized training on Finance and Accounting He has served for eight years in a leading commercial bank in UAE where he was instrumental in strengthening the SME credit risk unit. Apart from approval of banking facilities for SME clients. He played an instrumental role in developing and implementing the SME credit risk policy of the bank.

Currently, he is the CEO of Lynchpin Training & Consulting and Chief Consultant for VAT Advisory, Consulting & Implementation. Farrukh carries extensive experience in dealing indirect taxes both for the UK and South Asia. Provided VAT (Value Added Tax) consultancy services with due care, experience, resources, and exposure to tax regimes.

Farrukh is an associate member of the Institute of Chartered Accountant of Pakistan (ICAP). He has been awarded a gold medal for outstanding performance in his CA final examination, by ICAP. He also went to Harvard Business School to Executive Entrepreneurship training program.

What our Clients have to say

I am implementing my real work in the training as it applies fully to what I do and it came to me at the right time, strategising now for my work based on the learnings from training
Manager Learning & DevelopmentThe Executive Council of Dubai
Excellent experience with Lynchpin and this session I will never forget. Their Trainer is very knowledgeable and has lots of examples from his experience. Keep up the good work lynchpin team !
Finance ManagerCivil Aviation Authority Abu Dhabi
Training was with live examples and case studies, Trainer has delivered the training with passion and sincerity. Both Venue and Training were Good.
Sr. Manager ReportingDubai World
Lynchpin workshop was great learning with my current tasks at work, which was taking me long time before the training.
Faiza NasirPortfolio Manager, NBAD
Fun learning and I am implementing my real work in the training as it applies fully to what I do and it came to me at the right time, strategising now for my work based on the learnings from training
Head of FinanceYAS Water World
Lynchpin’s session was informative and required for business heads. Trainer went to the required level of audience to make them understand the concept. (Head of Corporate Planning, Eurostar) Everything was well organized,Lynchpin is very respectable Training Company –
Accounts ManagerAl Wazan Oil & Gas
Trainer is very knowledgeable and patient and passionate with training. He make sure the trainees have fun ensuring they have learning as well. I have been with Lynchpin for CMA and now this and for both i felt well taken care of.”
DidithAccountant - Arthur D Little
Very Persuasive approach by Lynchpin , very accurate and worth for whole day listening to the trainer. The group work in inhouse program is worth attending.Excel is never delivered like this before.
Director SalesFerrari World
Lynchpin trainer is brilliant and have excellent delivery skills – a new way to learn Finance for Non-Finance.
VP Human ResourceThuraya UAE
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