Tax Accounting and VAT Compliance

This practical course covers the essentials of tax accounting with a special focus on Value Added Tax (VAT) compliance in the GCC region. As countries in the Middle East continue to implement and expand their tax frameworks, understanding tax obligations has become critical for every accounting professional.

You will start with the fundamentals of taxation theory, including direct and indirect taxes, tax incidence, and the principles of a good tax system. The course then dives into VAT mechanics: understanding the supply chain, taxable and exempt supplies, place of supply rules, tax invoicing requirements, and the calculation of VAT liability.

Practical aspects are emphasized throughout the course. You will learn how to register for VAT, maintain proper tax records, prepare and file VAT returns, handle input tax recovery and adjustments, and deal with common VAT scenarios including imports, exports, and reverse charge mechanisms. The course also covers corporate tax fundamentals recently introduced in the UAE.

Advanced topics include transfer pricing basics, tax planning strategies within legal frameworks, and how to handle tax audits and assessments. The course provides hands-on exercises using real-world scenarios to ensure you can apply your knowledge immediately in your professional practice.