An Intensive 3-day Training Course
Saudi VAT System
Compliance, Implementation & Management
INTRODUCTION
This specially-designed VAT online training course 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 EuroMaTech online 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 VAT Framework online training course will develop the following competencies:
- Gain an overview of VAT’s introduction in KSA
- Discover the obligations and implications of the VAT legislation for KSA businesses
- Understand the principals of VAT
- Learn how to align finance processes and controls to ensure and maintain compliance
TRAINING OBJECTIVES
Program Objectives
As a result of attending the VAT in KSA online training course, the participants will be able to:
- Develop a better understanding of how VAT applies through the supply chain
- Know how to account for VAT
- Understand how to avoid VAT becoming a cost to your business
- Appreciate the impact of VAT across all your business units
- Have a roadmap on how to prepare your business for VAT
WHO SHOULD ATTEND?
This training course will benefit CFO’s, Finance Managers, Internal Auditors, Accountants, IT Managers, Procurement Managers, Managers of Accounts Payable or Accounts Receivable Departments, as well as Finance Professionals interested in developing their understanding of this new legislation.
The VAT in KSA online training will equally appeal to employees in the private, public and not-for-profit sectors.
TRAINING METHODOLOGY
The VAT in KSA online training course is highly interactive and practical. Participants learn through a range of teaching and personal development methods including presentations, tutorials, and worked examples. Active participation and involvement is encouraged throughout the online training course to promote the sharing of ideas and expertise within the group.
TRAINING SUMMARY
This hands-on online training course is structured to balance theoretical and practical considerations from implantation of new processes to the ongoing administration and management.
TRAINING OUTLINE
Day 1: Introduction to VAT & Compliance
- Meaning of VAT
- The new legislation
- Deadlines for compliance
- Risks of non-compliance
- Understand the concept of VAT and its impact on the economy
- Understand the VAT registration process and prepare required documents for VAT registration
Day 2: VAT Implementation & its Effects on Business Processes
- Pre-requisites & Preparation for businesses before VAT implementation
- Differentiate Accounting methods concerning VAT
- Calculate Input VAT and Output VAT
- Categorize the supplies for VAT calculation
- VAT Challenges - Internal Vs External
- VAT Mitigation Strategies
- Cash Flow and VAT
Day 3: VAT Management & Beyond
- Understand the impact of VAT on the Imports and Exports to the member countries (GCC) and non-member countries (rest of the world).
- Understand the impact of VAT on the operational and the financial performance of the business
- Preparation of the invoices including VAT and returns
- Understand VAT administration, fines and penalties related to VAT filing
- Industry-specific considerations
- Identify common errors in VAT calculation
CALL ME BACK
Do you wish for us to conduct this course at your premises?
Discover In-House Solutions
ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
Do you provide assistance with hotel accommodation?
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
Do you offer customized training for organizations?
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at [email protected]
What types of training formats do you offer?
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Can you assist with visa arrangements?
Yes, we can help by issuing an official Letter of Invitation once you’ve confirmed your training registration, which can assist in your visa application process.
Who will be the senior consultant leading the training?
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us [email protected]
