Gulf Vat Course and its Benefits
GCC(Gulf Cooperation Council) has decided to implement VAT in Gulf countries. So Tax accountants are in high demand because of this. VAT or value-added tax has been implemented in most countries, and now the Gulf countries have started implementing them. From January 01 2018, all the registered business organisations have started charging VAT on supplies of Goods and Services within Saudi Arabia and UAE. Bahrain has implemented VAT from January 01 2019, followed by Oman from April 01 2021. The other two countries, i.e., Qatar and Kuwait, will be implementing VAT very soon.
As the GCC member states are trying to treat GCC on the Single Territory Concept, the concept and rules are the same in all states except for minor changes. So this course will help accountants and administrators in the smooth implementation of this process.
After this course, they will be in charge of the implementation process and help take their firm to a new level and train the employees in this new concept, increasing their chances of promotion and salary hike.
What will you learn?
This course provides you with detailed knowledge about Gulf VAT and its use. The main highlights of this course are
● Understand the fundamental concepts of VAT and how it functions
● Understand the VAT registration process
● Impact of VAT on import and export business
● Impact of VAT on significant industries and transactions
● Learn how to prepare the invoice and documentation required
● VAT compliance and filing obligations
● What is subject to the standard rates, zero rates, or exempt
● How to handle discounts and adjustments
● Know its implementation in Saudi Arabia and Gulf
Gulf Vat Course and its Benefits
GCC(Gulf Cooperation Council) has decided to implement VAT in Gulf countries. So Tax accountants are in high demand because of this. VAT or value-added tax has been implemented in most countries, and now the Gulf countries have started implementing them. From January 01 2018, all the registered business organisations have started charging VAT on supplies of Goods and Services within Saudi Arabia and UAE. Bahrain has implemented VAT from January 01 2019, followed by Oman from April 01 2021. The other two countries, i.e., Qatar and Kuwait, will be implementing VAT very soon.
As the GCC member states are trying to treat GCC on the Single Territory Concept, the concept and rules are the same in all states except for minor changes. So this course will help accountants and administrators in the smooth implementation of this process.
After this course, they will be in charge of the implementation process and help take their firm to a new level and train the employees in this new concept, increasing their chances of promotion and salary hike.
