In this course, we cover Value Added Tax (VAT) laws and applications in United Arab Emirates (UAE). You will learn what VAT is, what the various provisions of VAT in UAE are and how to apply them. Some of the concepts that we will look into are:
Levy of tax
Rate and responsibility of tax
Tax group
Supply
Deemed supply
Imports
Types of supply
Designated zones
Recoverable input tax
Capital Asset Scheme
Specific disallowance
Tax invoice
and much much more.....
In addition to the theoretical knowledge, we have talked about real life challenges that have taken place while dealing with VAT laws. This will give you the knowledge required to go out and solve VAT related challenges that may come up wherever you come across it.