IIRF Online > Finance & Accounting > Taxes > Value Added Tax (VAT) > Value Added Tax (VAT) - Implementation in Saudi Arabia/ Gulf
Value Added Tax (VAT) - Implementation in Saudi Arabia/ Gulf by Udemy
General Concepts, Operations, Implementation and Accounting of VAT
Course Highlights
- Learn Concept and Principles of VAT
- Know its implication in Saudi Arabia and gulf
- What is subject to standard rate, zero rate or exempt.
- How to handle Export and Imports
- How to do VAT Accounting for VAT Payable/ Receivable/ Neutral
- How to handle discounts and adjustments
- How to fill a VAT Return
Skills you will learn!
Curriculum
16 Topics
Introduction
What is VAT
Introductions to Parties to VAT System
Introduction to Registration With GAZT
Introduction to VAT Flow
Introduction to VAT Rates
Revision of last 6 Lectures/ Introduction & VAT Concept
Questions - Lecture 1-6
VAT in the World
Scope of VAT
Claiming Input VAT
TAX on End Consumer?
Implementation Challenges
Revision of Lecture 8-12/ VAT - Scope & Operations
Quiz for Lecture 8-12
Enlist all supplies under exempt and zero-rated
16 Topics
VAT Impact on Types of Trades
Reverse Charge Mechanism (RCM)
VAT on Imports
VAT and Different Exports
Illustration: VAT & International Trade
Revision: VAT - International Trade.
Quiz for Lecture 14-19
Real Estates and Construction
Restricted Vehicles
Entertainment
Catering Services
Grand Fathering
Discounts
Revision: VAT - Special Items
Special Items - VAT Treatment
Quiz for Lectures 20-26
14 Topics
Accounting Information
Invoicing
Simplified Invoicing
Accounting Ledgers
Control Account
Revision: VAT Accounting
Quiz for Lecture 27-32
Filing Return
Return Form
Deadlines: Filling and Payment
Penalties
Revision: VAT Return
VAT Control Account
Goodbye
Value Added Tax (VAT) - Implementation in Saudi Arabia/ Gulf
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