Valueaddedtax Vat Made Easy Uae

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Tags: Value Added Tax (VAT)

What is VAT? And how to apply it in UAE?

Last updated 2022-01-10 | 4.2

- UAE VAT Laws and applicability
- Value Added Tax
- UAE Tax Laws

What you'll learn

UAE VAT Laws and applicability
Value Added Tax
UAE Tax Laws

* Requirements

* No. Caters to everyone.

Description

In this course, we cover Value Added Tax (VAT) laws and applications in United Arab Emirates (UAE). You will learn what VAT is, what the various provisions of VAT in UAE are and how to apply them. Some of the concepts that we will look into are:

  • Levy of tax

  • Rate and responsibility of tax

  • Tax group

  • Supply

  • Deemed supply

  • Imports

  • Types of supply

  • Designated zones

  • Recoverable input tax

  • Capital Asset Scheme

  • Specific disallowance

  • Tax invoice

  • and much much more.....

In addition to the theoretical knowledge, we have talked about real life challenges that have taken place while dealing with VAT laws. This will give you the knowledge required to go out and solve VAT related challenges that may come up wherever you come across it.

Who this course is for:

  • Students pursuing a course in accountancy, business or finance in the UAE.
  • Employees of an organization's finance team in the UAE.

Course content

9 sections • 61 lectures

Introduction, Overview & Registration 9 lectures

Introduction to the course Preview 01:28

Introduction - Section 1 Preview 00:51

Overview of VAT Preview 05:56

Levy of tax Preview 07:28

Tax rate and Responsibility for tax Preview 03:32

Registration and de-registration Preview 05:12

Tax group Preview 06:23

Definitions Preview 09:10

Section 1 - Review

Taxable Supplies 7 lectures

Introduction - Section 2 Preview 00:53

Supply of Goods and Services Preview 07:15

Date of Supply Preview 07:52

Place of Supply Preview 11:34

Deemed Supply Preview 08:02

Place of Establishment Preview 05:28

Section 2 - Review

Value of Supply and Price 7 lectures

Introduction Section 3 Preview 00:57

Value of Supply and Import Preview 05:14

Value of Deemed Supply Preview 03:27

Prices - Tax inclusive and Tax exclusive Preview 04:38

Components Preview 05:48

Vouchers Preview 05:48

Section 3 - Review

Categories of Supply 7 lectures

Introduction - Section 4 Preview 00:52

Standard Rated Supply Preview 03:21

Zero Rated Supply Preview 18:48

Exempt Supply Preview 06:21

Out of Scope Supply Preview 04:38

Reverse Charge Mechanism Preview 07:59

Section 4 - Review

Designated Zone 5 lectures

Introduction - Section 5 Preview 00:49

Definition of Designated Zone Preview 05:38

Rules pertaining to Designated Zones Preview 10:57

Practical issues relating to movement of Goods through Designated Zones Preview 08:54

Section 5 - Review

Recoverable Input Tax 6 lectures

Introduction - Section 6 Preview 00:59

What and When Preview 04:29

Apportionment and Adjustment Preview 09:01

Specific Disallowance Preview 07:55

Capital Asset Scheme Preview 07:47

Section 6 - Review

Tax Invoice and Tax Credit Note 5 lectures

Introduction - Section 7 Preview 01:02

Tax Invoice Preview 07:12

Tax Credit Note Preview 05:11

Simplified Tax Invoice Preview 04:45

Section 7 - Review

Tax Return 8 lectures

Introduction - Section 8 Preview 01:09

Emirate-wise reporting of Output tax Preview 04:35

Adjustments Preview 10:52

Box 3, 6, 7, 10 - Reporting Reverse Charge Preview 07:38

Standard Rated Expenses Preview 05:00

When to file the return and pay tax? Preview 04:54

Refund Preview 08:18

Section 8 - Review

Record keeping and Administrative Penalties 7 lectures

Introduction - Section 9 Preview 00:58

Record Keeping Preview 04:44

Errors Preview 09:08

Accounting Software Preview 09:05

Year-end Process Preview 08:16

Penalties Preview 07:01

Section 9 - Review