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.
With the release of the Real Estate VAT Guide in December 2017, it is now important that businesses dealing in real estate are more aware and knowledgeable on the VAT treatment of real estate.
In this course participants will cover the key aspects of VAT treatment of real estate related supplies including owners of commercial and residential Real Estate, landlords, and businesses operating in the construction industry as well as property managers and owners associations.
This course is ideal for financial controllers and people who work in the finance department of businesses dealing in property and real estate and therefore it will give a good understanding on how VAT on real estate shall apply. It will also benefit finance people who work for businesses making supplies of commercial or residential real estate, and businesses operating in the construction industry.
Participants will have a clear understanding of key concepts, such as:
Introduction to VAT and transactions in real estate
A supply of real estate for VAT purposes
The VAT considerations of residential buildings
VAT liability of commercial real estate
VAT on charitable buildings and bare land
The meaning of mixed use developments for VAT purposes
VAT recovery on real estate developments and infrastructure costs
VAT treatment of Owners Associations and supplies between landlords and tenants
VAT implications for the construction industry
Place of supply of real estate
Practical scenarios: 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