Accounting for VAT

An agreement on a common VAT framework to be implemented across the GCC states is expected on 1 January 2018. In anticipation of the issuance of the final legislation, our Tax Series will help you begin to prepare for this change.

This course is designed to cover the principles of VAT and the mechanics of processing VAT from transaction through to the VAT return.

This course is suitable for individuals working in roles up to finance assistant who are involved in accounts preparation and maintenance, and who need an understanding of how VAT is accounted for; from transaction through to VAT return.

Certificate by PwC

By the end of this course, participants will understand:

• The mechanics of VAT calculations and VAT accounting
• What is Output and Input VAT?
• Different types of supply: Taxable, Exempt and Outside the scope of VAT
• The time and place of supply
• When to charge Output VAT?
• When to recover input VAT?
• The recoverability of input VAT
• Essential VAT records and documentation
• What does a VAT invoice look like?
• What documentation is required to reclaim input VAT?
• How to the complete a VAT return?

PwC’s Academy is the educational business of PwC. Our goal is to help improve the knowledge, skills, competence and expertise of people in finance and business; to help organisations across the region grow and retain their talent. Our foundation is our team of expert professionals who convey their wealth of knowledge and the practical experience they have gained within leading organisations around the world.

PwC’s Academy is committed to supporting the sustainable growth of local talent across the region. Our expanding Academy currently operates across the Middle East from seven countries: UAE, Oman, Egypt, Jordan, Lebanon, Qatar and Saudi Arabia. PwC’s Academy in the Middle East is part of a growing network of Academies present in over 30 countries worldwide. We offer a variety of training courses, based on the best practices of PwC Global and the individual experiences of our experts.  

We constantly adapt our courses to meet the needs of modern business, customising them to our clients’ requirements and assisting our clients in reaching their organisational training and strategic objectives.