UAE Value Added Tax-Staying Compliant And Avoiding Penalties

Workshop Overview

The GCC Member States have approved the long anticipated common framework for the introduction of a Value Added Tax (VAT) system in the GCC. The common VAT framework will form the basis for the introduction of a national VAT system by each Member State.

While there are a number of challenges that still need to be addressed before it is introduced, VAT will help governments to deliver on long-standing plans for economic diversification away from oil, while still being able to deliver social and economic programmes.

VAT is introduced at a rate of 5% with some limited exceptions including basic food items, healthcare and education. The UAE and KSA have implemented 1 January 2018 - other GCC countries may do so at the same time or by 1 January 2019 at the latest.

Businesses in the UAE (and GCC) must now comply with the VAT requirements (e.g. fi ling, record keeping, accounting for and charging VAT correctly) and the correspondent administration and the impact the changes are having in businesses. This course will help you achieve exactly that: how to stay VAT compliant.

Major Benefits Of Attending:

Upon completion of this course you should be able to:

DIFFERENTIATE various types of supplies with reference to VAT

APPLY the date of supply rules effectively


CATEGORIZE the supplies for VAT calculation: standard rated, zero-rated or exempt supplies

COMPLETE correct VAT Returns

UNDERSTAND the impact of VAT on the Imports and Exports to the member countries (gulf region) and nonmember countries (rest of the world)

PREPARE the invoices including VAT and date of supply

UNDERSTAND VAT administration, fines and penalties related to VAT fi ling

IDENTIFY common errors in VAT calculation and how to correct them

APPLY the correct rate of VAT

DEAL with imports and exports transactions and its VAT element

APPLY the reverse charge correctly

ACCOUNT for VAT on transactions with and/or between designated zones

Who Should Attend?

This event has been specifically designed for:

  • CEOs
  • CFOs
  • Finance Managers
  • Internal Auditors
  • External Auditors
  • Cost and Budgeting Managers
  • Procurement Managers
  • Payable and Receivables Accounts Managers and Staff

Why you Should Attend?

Ever since the agreement on a common VAT framework has been implemented across the GCC there have been quite a number of issues where businesses were impacted while complying with the act.

An inherent feature of the VAT is the self-assessment nature, meaning every business which VAT registered (or required to be VAT registered) must record, assess and report its VAT obligations and entitlements, in accordance with the law, to the tax authorities.

Keeping in mind the expected issuance of the final VAT legislation, this 2 day course on Value Added Tax will help you comply to VAT without any issuances of penalties due to minor mistakes that were made accidentally. Delivered by subject matter expert with practical industry and training experience, this two day course will provide participants knowledge of the principles of VAT, and its impact on individuals and businesses in the GCC. It demonstrates how VAT works and who is likely to be affected by its implementation throughout the GCC