The course provides a detailed understanding of the UAE's VAT framework, including its alignment with GCC VAT regulations. It covers VAT registration, compliance, and filing requirements, along with tax treatments for various supplies. Participants will also learn practical applications like the reverse charge mechanism and strategies for tax optimization, ensuring efficient compliance with UAE VAT laws.
Course Module Overview:
Topic 1: Basics of VAT
- Understand how VAT is levied and its purpose in the UAE.
- Explore the GCC VAT framework and its integration with UAE's legal system.
- Learn about the law-making process and various types of business licenses issued in the UAE.
- Identify different business jurisdictions and legal forms of business enterprises.
Topic 2: UAE VAT Regulations
- Familiarize with the key documents and educational material related to UAE VAT regulations.
- Learn about the criteria for VAT liability, mandatory and voluntary registration, and deregistration processes.
Topic 3: Scope of UAE VAT
- Differentiate between types of supplies, including taxable, zero-rated, and exempt supplies.
- Understand the implications of zero-rated, exempt, and out-of-scope supplies on VAT compliance.
Participants will learn to navigate the UAE VAT system, including registration, compliance, and filing requirements. They will understand tax treatments for taxable, zero-rated, and exempt supplies, apply the reverse charge mechanism, and optimize VAT recovery. The course equips learners with practical tools to ensure compliance and improve business efficiency.
ABOUT THE TRAINER
CA. Rajiv Hira
A practicing Chartered Accountant, with an experience of leading roles in private and multinational financial institutions for over 20 years. Extensive expertise in strategic and tax advisory, ERM (Enterprise Risk Management) implementation, process design - review across credit risk & operational risk, audit function and regulatory engagement.
Expertise in connecting with people and processes to arrive at the effective value preposition for business, derived from hands-on experience of working in multicultural and multinational organizations. Experience of working in Asia, Africa & Middle East.
Hands-on experience in engaging with regulators and governing bodies in the space of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF). This work involves understanding the strategic intent and implementation objectives for compliance.
