01
Introduction to VAT and Its Impact
The first thing we need to do in this module is to give you an in-depth understanding of VAT or Value Added Tax. As it operates in the UAE, this module will entail the basics of VAT functionality, input VAT versus output VAT distinction, conclusion on how VAT influences pricing, invoicing, and profit margins.
02
VAT Invoicing and Documentation
It’s really important to keep documents of VAT. We’ll train you to provide the right VAT invoices. You need to keep thorough records of transactions. You must keep documents for at least 5 years as per FTA guidelines.
03
Zero-rated and Exempt Supplies
Some products and services in the UAE are not taxed. We explain zero-rated and exempt supplies. Applying the right VAT helps your business claim back taxes effectively.
04
VAT Compliance and Registration
We help you register for VAT. We name the reasons you have to register for VAT and the reasons you can register for VAT. We let you know how to register with FTA and keep proper VAT records. We will also tell you how to send your VAT returns in time.
05
VAT Filing and Returns
Know how to submit a VAT return on the FTA e-Services portal. Learn to work out VAT you must pay and claim it back. Reconcile amounts collected versus amounts paid VAT wise. Do adjustment issues safely.
06
Handling VAT Audits
Get ready for a VAT audit. Prepare for the FTA VAT audit. Make sure your records are correct, complete, and follow the rules. Learn about the audit process and things that can trigger an audit. Know how to respond to FTA questions.