Implications of VAT in UAE for the businesses? UAE is one of the gulf countries where Value Added Tax will be imposed on businesses as announced by the ministry of Finance UAE. So far there is no draft legislation for VAT in the country, it may be a bit premature for businesses to start implementing any significant changes in the mode of doing business in the UAE. However, the following aspect could be kept in mind to be prepared for dealing with Vat implementation: Obtaining understanding of VAT regulations Updating the accounting software systems and invoice templates to meet with the VAT provisions Training  of the existing employees (accounting /finance staff) as regard to VAT compliance and reporting Hiring of new resources with increased work load Hiring appropriate levels of consultants for adhering to increased compliance requirements and fillings Maintenance of appropriate books of accounts and records Looking at the terms of long terms contracts alread

Value Added Tax (VAT) Training in Dubai Course Overview The course 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 and giving you the confidence to know if you are dealing with VAT correctly. Extra Benefits: A  Seminar Pack  containing the information presented on the day A Certificate of Attendance LEARNING OUTCOMES 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 o