Qatar VAT Training Program

Course Overview

Qatar VAT Training Program

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

How to Engage Lynchpin for VAT Training in Qatar

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

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

Get in Touch

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.

What To Expect

Upon the successful completion of this course the participants should be able to:

1

Understand the concept of VAT and its impact on the economy

2

Understand the impact of VAT on the operational and financial performance of the business

3

Differentiate various types of supplies with reference to VAT

4

Differentiate Input VAT and Output VAT

5

Categorize the supplies for VAT calculation

6

Understand the impact of VAT on the Imports and Exports to the member countries (Gulf region) and non-member countries (rest of the world)

7

Prepare the invoices including VAT

8

Understand the VAT registration process and prepare the required documents for VAT registration

9

Understand VAT administration, fines and penalties related to VAT filing

10

Identify common errors in VAT calculation

Course Outline

VAT Concept

Concept and motive of the VAT
Input and Output VAT
Supplies, Goods and Services

Categories of Supplies

Taxable Supplies
Reduce rated Supplies
Zero-rated Supplies
Exempt Supplies
Zero Rated Vs. Exempt

VAT & Oman

The reason behind VAT implementation
Impact of VAT on OMAN Economy
Why is VAT in OMAN different?
Gulf VAT Framework

VAT Registrations

Rules for VAT registration
Rules for VAT De-registration

VAT Calculation

When should VAT be accounted for?
Calculating Input VAT (Purchases)
Calculating Output VAT (Sales, Services & Gifts)

Place of Supply Rules

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

Value of Supply Rules

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

VAT Administration

Filing VAT returns
Timing for VAT Filing
VAT Return Filing Demo
Claim for VAT Refunds

VAT Penalties

Late payment/ submission penalties
Error and penalties
Default interest rate

VAT on Imports/ Exports

Calculating output VAT on Exports
Calculating input VAT on Import
Transactions with GCC Member countries

VAT Invoices & Records

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

FULLY CUSTOMIZED - ACCORDING TO YOUR NEEDS!

Run This Course In-House

Enjoy this certified program at your premise of choice, with:

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.

Experience

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.

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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 & development

The Executive Council of Dubai

"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."

Didith

Accountant – 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 Sales

Ferrari World

"Lynchpin trainer is brilliant and have excellent delivery skills – a new way to learn Finance for Non-Finance."

VP Human Resource

Thuraya UAE

"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 Manager

Civil Aviation Authority Abu Dhabi

Required training from the company. It's useful especially in the Finance as most of us are using formulas anddoing reports. It's was nice to learn a lot of new things in excel.

Ma Angelica Petere

Majid Al Futtaim Accor Hotels Hospitality Services

I take this opportunity to thanks Mr. Farrukh Baig who gave us great training which is quite helpful for our daily work practice.

Muhammad Umair

Majid Al Futtaim Hospitality Services

The training was very useful to us who's working in finance especially that we are dealings with numbers that needed excel reports.

Ana Rose P. Dumocmat

Majid Al Futtaim Hospitality

Very interesting training and program! Also the trainer was very helpful and taught us interesting tricks and formulas!

Diane Roukoz

Obegi Home

The training was excellent and the trainor as well especially in explaining all the information.

ANA MARIE JAMONER

MAJID AL FUTTAIM HOSPITALITY SERVICES LLC

I would appreciate if they could have had more clarity on few line items.

Abdul Rahim

HWH Investments LLC

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 Reporting

Dubai World

Lynchpin workshop was great learning with my current tasks at work, which was taking me long time before the training.

Faiza Nasir

Portfolio 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 Finance

YAS 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 Manager

Al Wazan Oil & Gas

“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”

“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”

“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”

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