The introduction of VAT in the Gulf Cooperation Council (GCC) member states marks the start of some of the most far-reaching changes in the region since the 1960s. The UAE, Saudi Arabia, Qatar, Bahrain, Kuwait, and Oman have all introduced VAT with effect from January 1, 2018, at a rate of 5%.
This specially-designed GCC VAT Framework training seminar examines the rules and regulations of VAT and clearly demonstrates the procedures and controls that should be in place to ensure VAT returns are submitted accurately and on time. This training course will give you a complete understanding of VAT, covering all the essentials topics and giving you the confidence to know if you are dealing with VAT correctly. It will also help you develop your plan to successfully implement and maintain compliant VAT processes in your company.
Participants attending the GCC VAT Framework training seminar will develop the following competencies:
- Gain an overview of VAT’s introduction in the GCC
- Discover the obligations and implications of the new legislation for GCC-based businesses
- Understand the principals of VAT
- Learn how to align finance processes and controls to ensure and maintain compliance