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VAT Workshop

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Course Overview

Online UAE VAT Training Program

Learn Value Added Tax (VAT) at your own pace. You can now study VAT with our Online VAT Training Program. You can access this Online VAT training Program for anywhere anytime

Upon the successful completion of this course the participants should be able to:
  • Understand the concept of VAT and its impact on the economy
  • Understand the impact of VAT on the operational and the financial performance of the business
  • Differentiate various types of supplies with reference to VAT
  • Differentiate Input VAT and Output VAT
  • Categorize the supplies for VAT calculation
  • Understand the impact of VAT on the Imports and Exports to the member countries (Gulf region) and non-member countries (rest of the world)
  • Prepare the invoices including VAT
  • Understand the VAT registration process and prepare the required documents for VAT registration
  • Understand VAT administration, fines and penalties related to VAT filing
  • Identify common errors in VAT calculation

What You Will Get

  • Comprehensive Online VAT Training video sessions from approx 2 hours
  • Access to Lynchpin’s Online Learning Management System (LMS)

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Course Price: AED 790

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In-House

Enjoy this certified
program at your premise of choice, with lower costs, and schedule that suits you best.

FULLY CUSTOMIZED
ACCORDING TO YOUR NEEDS!

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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
  • Reason behind VAT implementation
  • Impact of VAT on UAE Economy
  • Why is VAT in UAE different?
  • Gulf VAT Framework
  • Rules for VAT registration
  • Rules for VAT De-registration
  • When should VAT be accounted for?
  • Calculating Input VAT (Purchases)
  • Calculating Output VAT (Sales, Services & Gifts)

Value Added Tax Key Terms - II

  • Filing VAT returns
  • VAT Schemes
  • Timing for VAT Filing
  • Substantial traders
  • Claim for VAT Refunds
  • 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)
  • Layout of the VAT Invoice
  • Charging VAT on Invoice price
  • VAT invoices Record Keeping
  • Pre-registration input VAT Calculation
  • Relief Calculation
  • Valuation of Supplies

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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