Prepare your organization to be fully compliant with the new VAT laws
Prepare your organization to be compliant with the new VAT laws

Grasp all the must-knows of Value Added Tax in the GCC region at our VAT - Introduction and Implementation Challenges program in Riyadh

Grasp all the must-knows of VAT implementation in the GCC region at our VAT training program in Riyadh

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VAT - Introduction and Implementation Challenges

31 March
2018

8:30 AM - 4:00 PM
(Full day)

Holiday Inn Riyadh - Al Qasr,
Riyadh, Saudi Arabia

SAR 1500

VAT - Introduction and Implementation Challenges

31 March 2018

8:30 AM - 4:00 PM

Holiday Inn Riyadh - Al Qasr,
Riyadh, Saudi Arabia

SAR 1500

With the levy of VAT, the business models of many organizations will be challenged which creates an immediate need to work on strategic, operational and tactical planning to combat these challenges successfully.

This program is specifically designed to introduce the concept of VAT to the enterprises operating in GCC region keeping in view their business challenges based on changing the economic and commercial environment.

Learning Objectives

Gain a comprehensive introduction of the VAT framework in the GCC

Delve into the administration and registration procedures involved in filing for VAT

Learn to plan for VAT, align it with business strategy and foresee challenges

Pre and post assessments to gauge your level of knowledge

Explore the different types of taxable and zero-rated supplies

Gain an insight into the accounting and calculations that goes behind VAT

Focus on resolving advanced business issues which involve VAT

Agenda

What is VAT?

  • Introduction
  • GCC VAT Framework
  • VAT Legislation & Regulations
  • Impact on businesses and economy

 

Type of supplies

  • Standard rates supplies
  • Zero rated supplies
  • Exempt supplies
  • Mixed supplies

 

VAT accounting

  • Calculation of output VAT (Sales/gifts)
  • Calculation of input VAT (Purchases/expenses)
  • Reverse Charge Mechanism
  • Pre-registration input VAT
  • VAT on non-current assets
  • VAT on operating/finance lease
  • Discounts and returns
  • Tax point issues
  • VAT on receivables and payables
  • Bad and doubtful debts

 

Administration

  • VAT registration and de-registration
  • Filing VAT return
  • VAT invoices and records
  • Fines and penalties

 

VAT planning and implementation considerations

  • Impact assessment
  • IT and systems
  • Finance Admiration
  • Contract pricing
  • Supplier management
  • Communications and training
  • Impact on cash flows
  • VAT Project Management

 

Advanced issues

  • VAT Groups
  • VAT on import/exports
  • Intra GCC Transactions
  • Treatment of Free Zones
  • Intercompany transfers

 

Impact on Various Sectors

  • Real Estate
  • Retail
  • Education & Training
  • Health Care
  • Financial Services
    • Banking
    • Insurance
    • Wealth Management
    • Brokerage
  • Oil and Gas
  • Transport

 

Quiz

  • Concept checkers
  • Typical Calculations
  • Short Questions

Venue

Holiday Inn Riyadh - Al Qasr
Al Olaya, King Fahd Road, Olaya District، Riyadh 12211, Saudi Arabia

The venue is conveniently accessible from both King Fahad highway as well as Olaya Street. Located in heart of the capital, the hotel is a 10 minute drive from the diplomatic quarter and a 20 minutes’ drive from King Khalid International Airport.
Wifi and Valet parking is available.

Holiday Inn Riyadh - Al Qasr

Contact us

Sebtain Mansoorali
Program Advisor

Email: sebtain.mansoorali@kaplangenesis.com
Mobile: +971 50 326 7112

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