This course covers an introduction on VAT history worldwide, GCC states’ decision to adopt VAT, everything else related to VAT, such as regulations, terminologies, VAT accounting, VAT return reporting, and what businesses need to do to prepare for VAT. Also provided is Information on the risks of business failure to comply and how to help with that. This is an interactive course with extensive practical exercises and problem-solving through case studies and VAT accounting entries.
Understanding the history of VAT.
How it applies to the GCC.
Learning the terminologies and regulations of VAT.
Understanding the risks for businesses that don’t comply with VAT.
Who Should Attend
CFOs, Account Managers, Accountants, Salesmen, Procurement Staff, and IT Specialists.