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VAT Update Seminar
VAT Update Seminar
VAT Update Seminar
What has happened in the UAE VAT world since 1 January 2018?

Whilst VAT has been implemented eight months ago in the UAE, it is still under development and the Federal Tax Authority issues additional guidance on the application of VAT regularly. Did you know that the FTA has issued six Cabinet Decisions, twenty-one VAT Guides, nine VAT Forms and six VAT public clarifications since the implementation of VAT in UAE? Did you also know that the FTA started performing VAT audits and imposing VAT penalties?

Is your company still up to date with VAT and dealing correctly with the many VAT challenges? Does your company understand the commercial impact of VAT on your business? Would your organisation survive a VAT audit performed by the Federal Tax Authority?

1 Day
1
Day
CPE Credits
6
CPE Credits
VAT Update Seminar

By the end of this course, participants will:

  • Learn about the recent VAT developments in the UAE.
  • Understand the VAT consequences of the Cabinet Decisions issued by the FTA.
  • Understand the VAT consequences of VAT guides issued by the FTA.
  • Learn about the VAT consequences of Public Clarifications issued by the FTA.
  • Put into practice what they have learned using a range of case study scenarios and practical examples.
VAT Update Seminar

This course is ideal for tax managers, finance managers, tax professionals responsible for administration of VAT and for those in a VAT regulatory role in the private or public sector who already have knowledge on the fundamentals of VAT. It is suitable for anyone who wants a detailed understanding of the additional VAT guidance and its implications for organisations.

By the end of this course, participants will receive a certificate of completion from PwC’s Academy.

Course structure

General overview

  • An overview of the broader government strategy and objectives with regards to the VAT system.
  • The recent VAT developments in the UAE.

Cabinet Decisions

By using a range of case study scenarios and practical examples, participants will learn about the VAT consequences of the Cabinet Decisions issued on:

  • Medications and medical equipment subject to tax at zero rate.
  • Designated zones. 
  • List of charities that may recover Input Tax.
  • Mechanism of applying VAT on gold and diamonds between registrants in the State.
  • Refund of VAT paid on services provided in exhibitions and conferences.
  • Tax invoices.
  • Introducing the tax refunds for tourist scheme.
  • Requirements for retailers to participate in the VAT refunds for tourist scheme.

VAT guides

By using a range of case study scenarios and practical examples, participants will learn about the VAT consequences of the VAT Guides issued on:

  • VAT payment for commercial property buyers.
  • Director’s services.
  • Clarifications.
  • VAT refund for building new residences by UAE nationals.
  • VAT refund for exhibitions and conferences.
  • Declaration by registered recipient of gold and diamonds.
  • Designated zones.
  • Voluntary disclosure.

Public clarifications

By using a range of case study scenarios and practical examples, participants will learn about the VAT consequences of the public clarifications issued on:

  • Compensation type payment.
  • Profit margin scheme – Eligible goods.
  • Labour accommodation: residential versus serviced property.
  • Use of exchange rates.
  • Non-recoverable input tax – Entertainment.
  • Tax invoices.

Note: This course will also include all the additional updates issued by the FTA until the end of October 2018.

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Schedule

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