VAT Knowledge Test GCC Our General VAT Knowledge Test GCC aims to capture your current VAT knowledge. Our questions are based on real-world commercial examples accumulated from many years of advising businesses on international VAT issues and scenarios. By undertaking this assessment and reviewing the responses, you will be able to spot your VAT knowledge gaps and assess where you can improve with our courses. INSTRUCTIONS 1. Our VAT Knowledge Test GCC comprises multiple choice questions and will take approximately 20 to 30 minutes to complete. 2. Please take the assessment in one sitting as closing your internet browser will delete your question choices. 3. Please use the Next and Previous navigation buttons in the form, rather than the internet browser. Refreshing the page or using the internet browser navigation buttons will delete your question choices. 4. All questions in the assessment are multiple choice. 5. Please answer all questions in the assessment. 6. Once yo...

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 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 log...

How to choose a VAT Consultant in GCC A Good VAT Advisor can avoid fines and keep the company operations smooth. (Dubai, Abu Dhabi, Saudi Arabia, Oman, Bahrain) Many companies have already started hiring consultants in all over GCC. Consultants are also approaching organization in their own way. 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 being introduced for the first time in GCC (Gulf Cooperation Council)  Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. So it can be fragile on so many levels as for the compliance is concerned. Based on my experience in Tax Consultancy Firm, where I worked for 8+ years dealing with 5 kinds of direct and indirect taxes in the country, I have in my opinion the following things should be kept in mind before hiring a VAT Consultant. Understanding of The VAT Law The laws sometimes can be tricky a...

Value Added Tax (VAT) Training in Saudi Arabia VAT Training in Saudi Arabia : info@thebscon.com Online Training Date 17 December 2017, FEE USD270/ person For VAT Training dates in Saudi Arabia and in-house training, please send email at waheedensari@hotmail.com . 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...