Value Added Tax Uae

Basic

Last updated 2022-01-10 | 4.2

- Basics Technical knowledge of UAE VAT
-
- VAT Registration process to get Tax Registration Number (TRN)
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- Calculating VAT return and Filing VAT return effectively.

What you'll learn

Basics Technical knowledge of UAE VAT

VAT Registration process to get Tax Registration Number (TRN)

Calculating VAT return and Filing VAT return effectively.

* Requirements

* No

Description

This course is about the VAT Law of UAE where we will discuss in detail about

The basics of UAE VAT Law;
VAT registration process including the calculation of the registration threshold, time to apply for the VAT registration with the Federal Tax Authority (FTA) and completing the VAT registration application;
Date of Supply;
Place of Supply;
Various categories of Supplies;
Detail calculation of the VAT return; and
Steps to complete and submit VAT return using E-services portal of FTA.

Successful completion of this course will increase your chance of employability to fit you in the multitasking environment. This course is also equally useful for SMEs and small Entrepreneur to save them consulting cost for the basics VAT return filing in UAE.

Who this course is for:

Accountants who are looking to develop mew technical knowledge to get better job opportunity in UAE;
Accounting and Finance professionals who want to acquire new technical knowledge to improve their performance;
Junior accountants who are looking to develop mew technical knowledge to survive in multi-tasked environment with multiple skills;
Business owners and entrepreneurs who are looking forward to decrease the VAT return filing consultancy cost.

Course content

5 sections • 13 lectures

Overview of VAT 1 lectures

Introduction and overview of VAT Preview 12:22

This lecture is about the VAT process.

On completion of this lecture, students will be able to understand the VAT process and the role of businesses in VAT collection of VAT.

Basics of VAT 2 lectures

Basics of VAT Preview 10:54

This lecture explains the basic concepts of VAT including:

Differentiation in the supply of goods and services;
Time of supply (Tax point);
Place of supply; and
Value of supplies.

On completion of this lecture, students will gain in-depth knowledge to determine the place of supply for the supply of Goods and Services, valuation of the supplies using the monetary and non-monetary consideration and the time when tax liability arise.

Basics of VAT

Special rules to determine the place of supply for the installation services.

Registration for VAT 4 lectures

Basics of VAT Registration Process Preview 06:51

This lecture explains:

Registration conditions;
Registration threshold;
Types of registration;
Exception from VAT registration; and
Deregistration

On the completion of this lecture, the student will be able to understand the basic conditions apply for the VAT registration and registration. Also, they will be able to determine if the business should apply for Exception from VAT Registration or not.

Calculating VAT Registration Threshold Preview 07:12

This lecture explains:

Tests to calculate VAT Registration Threshold;
Time to apply for the VAT Registration; and
Time to start charging VAT to the clients.

On the successful completion of this lecture, students will be able to understand the application of Historical and Future test to calculate the VAT Registration threshold. They will also learn about the time when business should apply for VAT registration to avoid the fines/penalties of late VAT Registration.

Registration for VAT

Calculating Registration Threshold using Historical and Future Revenue test

Completing VAT Registration Application Preview 10:34

This lecture explains, how to complete the VAT registration application with FTA and the documents required for the registration. This lecture will walk through each section of the application form, the documents required for each section and specific information which business need to provide in each section.

On successful completion of this lecture, students will be able to complete the VAT registration form with FTA successfully to get Tax Registration Number (TRN) for their business.

Categories of Supplies 1 lectures

Categories of Supplies Preview 15:43

This lecture explains the categories of:

Taxable supplies;
Exempt supplies;
Imports and exports;
Deemed supplies; and
Exceptions from deemed supplies.

On the successful completion of this lecture, students will gain detail understanding about the taxable supplies and non-taxable supplies, the difference in the Exempt and Zero-rated supplies and the concept of deemed supplies. they will also be able to determine the understand the limits when free-goods will not the considered as deemed supplies and to calculate the value of deemed supplies under specific conditions.

Filing VAT Return 5 lectures

Calculation for Output VAT and Recoverable Input VAT Preview 09:32

This lecture explains:

calculation of output VAT;
Recoverable and non-recoverable Input VAT;
Calculation of recoverable Input VAT; and
Reverse Charge Mechanism (RCM)

On the successful completion of this lecture, students will be able to calculate output VAT including the output VAT under RCM for services and goods imported in the state. They will also be also to segregate the recoverable and non-recoverable input VAT expenses to calculate the recoverable Input VAT from the local purchases and under RCM category.

Recoverable input VAT

The basics of the recoverable and non-recoverable input VAT

Completing VAT Return Filing and Payment Preview 18:09

This lecture explains:

Sections of VAT return form;
How to complete the VAT return form? and
How to make payment for the Tax Liability?

On the successful completion of this lecture, the student will be able to complete all the sections of the VAT return form and submit the VAT return successfully with FAT. They will also be able to understand the different methods available to make payment for the VAT and completing the Payment process.