A comprehensive understanding of the UAE Value Added Tax (VAT) laws, incorporating the latest amendments to the VAT Executive Regulations issued by the Federal Tax Authority (FTA). It focuses on critical articles and scenarios related to the date and place of supply of goods and services, including special cases, exceptions, and import regulations.
Course Module Overview:
1. Introduction to UAE VAT Law and Levy
- Overview of VAT legislation in the UAE.
- Importance of understanding VAT for businesses and consumers.
2. Article (5) - Supply of Goods
- Definition of supply of goods as per UAE VAT law.
- Criteria for considering a supply of goods, including transfer of ownership and contracts.
3. Article (6) - Supply of Services
- Differentiating between supply of goods and supply of services.
- Examples and implications of supply of services under VAT law.
4. Article (3) - Supply of Services
- Detailed exploration of what constitutes a supply of services.
- Examples of services that fall under this category.
5. Article (7) - Supply in Special Cases
- Exceptions to supply rules, including vouchers, business transfers, and other specified cases.
6. Article (4) - Supply of More Than One Component
- Understanding composite supplies versus multiple supplies.
- Criteria for determining single composite supplies.
7. Article (9) - Supply via Agent
- Exploring supply scenarios involving agents acting on behalf of principals.
8. Article (10) - Supply by Government Entities
- Conditions under which government entities are considered to be making supplies.
9. Article (11) - The Cases of Deemed Supply
- Defining deemed supply situations and their implications.
- Exceptions to deemed supply cases.
10. Article (12) - Exceptions for Deemed Supply
- Detailed examination of exceptions to deemed supply situations.
11. Article (49) - Import of Concerned Goods
- Overview of VAT implications on imported goods in the UAE.
12. Place of Supply Determination
- Destination for supply of goods
- Registered Supplier in Implementing State
- Non - Registered Supplier in Implementing State
- Supply to non registered supplier by supplier exceeding / not exceeding MRT.
13. Date of Supply Considerations
14. Transitional Rules
15. Place of supply of Services
- UAE
- Rest of World
- Non Implementing State of GCC
- Non Registered Recipient in Implementing State of GCC
Participants will learn to determine VAT place and date of supply, apply transitional provisions, and handle exceptions like transportation and real estate. The course provides practical knowledge for accurate VAT compliance and efficient management of obligations.
ABOUT THE TRAINER
CA. Jai Prakash Agarwal
CA. Jai Prakash Agarwal is a rank holder Chartered Accountant from India with 19+ years of experience across industry, ranging From Consultancy, Technology, Telecommunication, Manufacturing, And Healthcare. He Is A Managing Partner At Smart Infopark And RHMC Management Consultants and is Vice Chairman of The Institute Of Chartered Accountants Of India (ICAI). He Is also tax and compliance faculty at ICAI.
