A critical success factor for the VAT implementation will be upskilling yourself and your workforce with the right knowledge and skill-set in the coming months. With this in mind, PwC’s Academy, the education and training business of PwC, has designed a suite of fit-for-purpose VAT courses that cover the fundamentals of the new VAT legislation, it’s impact on business and the technical and financial acumen required to manage this change. We offer VAT courses in UAE, KSA and Qatar and these can be customised for in-house training across the GCC.
VAT is a consumption based tax and the GCC VAT is applicable on specific transactions where goods or services are consumed within the GCC.
In this course participants will get an insight on accounting VAT for cross border transactions. They will cover the treatment of VAT transactions within the GCC countries and trading with entities outside the GCC.
This course is suitable for directors, department heads, chief financial officers, and entrepreneurs. It will also benefit any individual who works in the finance or tax department of the organisation or is involved in VAT implementation and compliance.
Participants will have a clear understanding of key concepts, such as:
The meaning of International Trade
- Trading with countries outside the GCC
- Trading with countries within the GCC
- The concept of distance selling
- Intra GCC movement of goods
Supply of goods and services
- How to determine the place of supply rules for goods?
- How to determine the place of supply for services?
- The concept of place of residence, place of establishment and fixed establishment
The reverse charge mechanism and the recoverability of Input Tax
Documentation required for cross border transactions
Practical scenarios and case studies: Illustrative examples and their VAT treatment
There are no scheduled dates for this course. Fill out the form to check future dates or deliver the course in-house