By the end of this course, you will be able to
What VAT, input tax treatment, residency and territorial concept, and reverse charge mechanism are.
What the procedures of selling to free zones and sale to tax-free areas are, what a direct tax and an indirect tax is, and how to establish a sales tax or VAT by yourself.
What the tax-added laws are, when does the tax exemption happen, and how to start and what the form of setting contracts is.
Course details
- 0 h 54 m/14 lessons
- Last updated: 24/12/2018
- 2 Quizzes
- 1 learning resources
- Course completion certificate
Course Content
Content Of Course
What is VAT?
Content Of Course
What is VAT?
Territorial Concept
Reverse Charge Mechanism
Nature of Supplies
Input Tax Refund
Place of Supply - Part 1
Place of Supply - Part 2
Before Go-Live
Contract Status vs Which Business
Action Plan
Departments Impacted
Case Study - Part 1
Case Study - Part 2
About this course
This course explains the concept and role of value-added tax in GCC. You will get an overview of the regulatory framework for value-added tax, understand the basic concepts and calculation of tax base, and define the subject of taxation according to value-added tax regulations. A variety of topics will also be discussed including, but not limited to, the definition of the VAT, reverse charge mechanism, input tax refund, and much more.
Course requirements and prerequisites
Basic knowledge of accounting is preferrable.
Mentor
Sherif Sabakhawy
Expert In Taxation
706 Learners
2 Course
