VAT Readiness Survey Why taking a VAT Survey? There is lot going on in surroundings since the VAT is to be implemented and more will happen when it is finally implemented/ launched. A lot of confusions and questions in minds in professional circles, what to do, how to do, who to hire, how to manage, should we hire new resources who understand Value Added Tax? Years, Months, Days, Minutes, Seconds The initial VAT planning in GCC initiated in 2006 and VAT proposal was given by IMF in 2008, delayed, delayed and now final announcement for VAT Implementation is January 01, 2018. Wait is over and now its time to handle it strategically. Take on the VAT Survey here Take on the survey and know your strengths, your weaknesses, grey areas in VAT Implementation, Compliance, Planning.

Value Added Tax in Dubai - UAE Snapshot VAT Registration Dates VAT Registration Opened |  1 st October 2017 Registration Deadline 31 October 2017 : Companies/ business having an Annual Turnover of more than AED 150 million Registration Deadline 30 November 2017 : Companies/ business having an Annual Turnover of more than AED 10 million Registration Deadline 04 December 2017 : All other companies/ organizations who exceed the minimum threshold which is AED375,000. Record Maintenance Proper books of accounts and financial records (invoices, vouchers, bills, agreements) Books of accounts to be maintained for 5 years VAT related record, Invoices, Bills should be maintained with serial numbers VAT Percentage Standard Rated – 5% Zero Rated 0% VAT Registration Mandatory Registration - Annual Turnover of more than AED375,000 Optional Registration - Annual Turnover 187,500 to 375,000 Registration Not Required – Annual Turnover below AED 187,500

VAT Training Options , in Dubai - United Arab Emirates For VAT Training dates in UAE and Saudi Arabia and in-house training. Please send email at  waheedensari@hotmail.com . The  VAT Training  offered in different training delivery options for learning with performance excellence. These methods are from self-paced, online learning to fully customized courses and delivery modes for global companies with large numbers of people speaking different languages and working in diverse regions of the world. Following is the breakdown of the  VAT Training  delivery options that we are offering: - Customized/ In-house Training Having more than 6 delegates? If the training is for larger crowd with a requirement to befit the course on the basis of nomenclature. Case studies/ examples which fit exactly as per the industry / sector. All these scenarios and your specific needs are why we will work with you to customize  training  options. Public Training/ Cl

Value Added Tax (VAT) in Kingdom Saudi Arabia How to hire a VAT Consultant in Saudi Arabia A Good VAT Advisor can avoid fines and keep the company operations smooth. To avoid fines hire experienced VAT Consultants in Saudi Arabia. Value Added Tax (VAT) in Kingdom Saudi Arabia is something new for the finance, IT, operations, Admin, Human Resources, logistics, marketing and sales and consumers at large. The only question in minds right now is "How to deal effectively with Value Added Tax (VAT) in Kingdom Saudi Arabia. With the launch of VAT in GCC the companies have already started hiring consultants in all over GCC especially Saudi Arabia and UAE (United Arab Emirates). Consultants are also approaching   organization  in their own way to guide them on how to handle VAT complicated issues in Saudi Arabia. Even some of them have developed VAT applications (VAT App, IOS, Andriod) in order to   facilitate  their clients as a useful tool. Since the taxes are bein

What is Reverse Charge Mechanism : VAT in GCC, Dubai, Saudi Arabia This charge is applicable on the imported of goods or services imported from outside the GCC countries this is called Reverse Charge Mechanism. Under Revers Charge Mechanism in  UAE VAT Law  the payment of VAT is not made at the import stage/ point means there is Zero payment of VAT and the only responsibility / compliance requirement left is with the buyer to report the VAT on Purchases (Input VAT) and VAT on Sales (Output VAT) in their VAT Return for the period. The unpaid reverse charge would have paid if the purchase was made inside UAE. So the buyer has to file the VAT return and to show the Input and Output tax therein. In other words we can say that the Reverse Charge is at zero percent Article 48(1) of the  VAT Law  speaks as under: - Article (48) (1) ReverseCharge  1) If the Taxable Person imports Concerned Goods or Concerned Services for the purposes of his Business, then he shall b

Advanced VAT Professional Certified VAT Technician | Certified VAT Practitioner 2 Days Training Workshop For VAT Training dates in Saudi Arabia and in-house training. Please send email at  waheedensari@hotmail.com . Course Overview This course comes up numerous practical case studies and in training exercises on the rules governing and operation of the VAT in GCC and particularly in United Arab Emirates and Saudi Arabia. Course also covers VAT accounting / bookkeeping entries for accounting transactions, VAT calculation including calculation of payable/ refundable and completion of VAT returns on specified frequency. The course also introduces participants to more advanced issues which when they may have to deal with including some of the most confusing and problematic areas of VAT practice, namely the correct VAT treatment of products and services and dealing with VAT clients (internal/ external). The course deals with these topics by explaining the logic a