Oman VAT
Training Program

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Course Overview

Course Outline

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Course Overview

Lynchpin Training offers VAT in Oman Training Programs customized for Omani companies. This “VAT in Oman” training program is based on GCC VAT framework along with all generic VAT principles would be applicable in Oman once VAT is implemented.
How to Engage Lynchpin for VAT Training in Oman

We can deliver training to your company location in Oman. This can further be customized accordingly that how VAT in Oman will be applicable to your company. Our trainer will travel to Oman and all material as per VAT applicability in Oman will be shared with your team.

The pricing is highly affordable and you will find max ROI on your training investment to make your team ready for upcoming VAT in Oman.

Over 1300 participants already trained by Lynchpin for VAT Training in GCC! Join us NOW to get the best VAT Training in Oman.

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Training Dates

Saturday 6 March, 2021
Live Online Session

In-House Training

Run this course as in-house/one to one session for maximum ROI.

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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

  • Concept and motive of the VAT
  • Input and Output VAT
  • Supplies, Goods and Services
  • Taxable Supplies
  • Reduce rated Supplies
  • Zero-rated Supplies
  • Exempt Supplies
  • Zero Rated Vs. Exempt
  • The reason behind VAT implementation
  • Impact of VAT on OMAN Economy
  • Why is VAT in OMAN 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)
  • How to establish that place of supply of any goods/services is UAE?
  • Place of supply of Goods
  • Place of supply of Services
  • Place of supply of water and energy
  • Place of supply in special cases e.g. implementing state effect
  • Place of supply of telecommunication and electronic services
  • Place of supply of real state
  • Place of supply of transportation 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
  • Value of Supply to Related Parties – special considerations
  • Value of Deemed Supply – on what value e.g. free goods to be taxed
  • Value of supply in case of discounts and subsidies
  • Filing VAT returns
  • Timing for VAT Filing
  • VAT Return Filing Demo
  • Claim for VAT Refunds
  • Late payment/ submission penalties
  • Error and penalties
  • Default interest rate
  • Calculating output VAT on Exports
  • Calculating input VAT on Import
  • Transactions with GCC Member countries
  • 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

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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