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Duration: 1 Day

Price: 1,500.00 AED
+ 5% VAT

Duration: 1 Day

Price: 1,500.00 AED


Its introductory course designed to provide participants with an understanding of the fundamental VAT concepts and principles of UAE VAT laws and regulations. The course will cover all VAT main elements from registration to filing tax return focusing how aviation operators need to be tax compliant. Understand the main definitions of different VAT terminologies and how VAT payable is calculated. The participants will gain understanding of the impact of VAT transactions on aviation operators and potential tax risks



Location
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Date and Time
10/22/2019 - 10/22/2019
8:00 AM - 2:00 PM

Languages
English

Include
VAT Program
  • Tax Concept:
    • Tax and its type’s
    • Value added Tax concept
    • The concept of inputs and outputs
    • Tax ratios and their effects on goods and services related to aviation industries
    • How does the reverse calculation mechanism work?
    • How real estate is treated?
    • Import and export tax effect
    • Free Zones (Tax treatment)
    • Place of supply and tax benefit
    • Bad debit treatment
    • Underfunded tax
    • Objection to the FTA decision

 

  • Tax Calculation:
    • Business Responsibilities
    • Capital Assets
    • Output tax statement
    • input and output tax calculation
    • Creditor/Debit Notification
    • Treatment of Value added tax (VAT)
    • Impact of Vat on financial statements
    • Components of the tax declaration

 

  • Tax Obligation:
    • What does vat commitment mean
    • How to reduce the tax risk
    • Value added tax effects on operations
    • Tax preparation course
    • Tax group
    • What should be commit to
    • Tax invoice design and obligations
    • How to reduce tax risk zones
    • Tax preparedness-operational phases
    • Ensure that the accounting system is compliant with the value added tax system
    • What is business model
    • Document and record keeping system
  • Managing Directors,
  • CFO’s, Finance Managers,
  • Financial advisors,
  • Accountants,
  • Relationship Managers,
  • Consultants,
  • Sales Departments,
  • Business Development Managers…etc.

Certificate of Completion 

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IACT is the commercial services arm of the UAE GCAA providing consultation in aviation, Training and aviation systems services in collaboration with GCAA.