Value Added Tax (VAT) and Accounting Processing

Objectives

By the end of the course, participants will be able to:

Introduce participants to the nature and types of different tax systems, and the tax collection process cycle from the inception of financial transactions to the preparation and presentation of tax returns.

Introduce participants to the latest amendments to the Value Added Tax (VAT) laws in both the Kingdom of Saudi Arabia and the United Arab Emirates.

Provide participants with skills in calculating value-added tax (VAT) and preparing and presenting tax returns in accordance with the latest requirements and publications of tax laws in the Gulf Cooperation Council (GCC) countries.

Develop participants' skills in using computers to calculate VAT and understand the challenges of implementation in the Arab world.

Methodology

An interactive blend of theoretical and practical methods. Includes instructor-led introductory sessions, group presentations, discussions, Q&A sessions, and group and individual exercises.

Target Audience

Accountants for all types of companies and institutions

Account Managers

Accounting and Auditing Firms

Managers and employees of financial affairs and departments

Target Competencies

Understand tax policies in the field of value-added tax. Apply the mechanism for determining value-added tax.

Understand the accounting treatment for preparing financial statements.

Understand how to manage value-added tax.

Understand the examination and assessment procedures for value-added tax.