Copy writes reserved with 24A Plus Consultants 24A PLUS CONSULTANTS, DUBAI, UAE GCC VAT TRAINING

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2 Welcome to 24A Plus 24A Plus consultants FZE is a complete business advisory services firm based in the United Arab Emirates. We are business associate company of MBK Auditing. 24A Plus is associated with BOKS International, UK offering offshore services in UAE. The Firm was established in 2008 in Dubai to mainly cater to small and medium size enterprises and young entrepreneurs. Its Proprietor and principal Consultant, Mr. Nandan Bendarkar, is a Member of the Institute of Chartered Accountants of India with international work experience of more than 25 years as a CFO. He has Completed Management Development Program in Strategic Financial Management from the prestigious IIM-A (Indian Institute of Management, Ahmedabad). He is also a Qualified Independent Director from the Institute of Directors in London, UK. He is a Certified Trainer in accounts and finance as well as soft skills from TAP Foundation. He has worked with large diversified business conglomerates in India, MENA and Europe and has travelled to more than 50 countries. GCC VAT registration Accounting consultation Financial Consulting Company formation PRO services Virtual CFO ERP implementation HR functions, Pay roll 24A Plus, broadly provides the following services mainly to the SME sector across diverse segments operating in the UAE. Training for GCC VAT, Accounting, Soft skill & Sales training Executive Search service (Recruitment)

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4 VAT SPECIALIST TRAINING

5 Training at Bateel campus Inhouse training at MBK Auditing

6 Training Feedback 2017

7 TRAINING MODULES 1. Introduction to VAT based on your industry In this course, delegates gain the fundamental knowledge required to understand the mechanics of how a VAT works? a. Introduction to VAT & registration processes b. Should you register for VAT? c. Are you under VAT bracket? d. What are the processes for VAT registrations? e. Threshold for registration f. Who should register? g. Legal documents required for VAT registration h. How will VAT impact my current business model? i. How to save my business from vicious VAT cycle? 2. Obligations and rights of taxpayers and key regulatory requirements. In this course delegates will gain an understanding of administrative and regulatory matters, such as when a business should register for VAT, when must a VAT return be completed and the implications of nonpayment / late payment. a. Date of supply b. Place of supply c. Format of invoices d. Types of Invoices e. Book keeping for VAT f. Maintaining documented records for VAT g. How does VAT varies for Import & Export? h. Accounting entries i. Tax registration j. Software should be used for VAT

8 3. International trade: VAT on cross border and free zone transactions In this course delegates will get an insight into how VAT should be accounted for with respect to cross border transactions, both between different countries within the GCC and trading with entities outside the GCC. a. What is reverse change mechanism b. VAT implication for Import & Export c. What if my product is a service and intangible? d. How to design my sales discounts & offer based on VAT? e. Supply of good zero rated f. How can I exempt from VAT? g. What are Designated zones & why VAT? h. Assistance in Input tax i. Hands-on inputs on submission of returns

9 Thank You