VAT Awareness Sales Contracts Negotiations Challenges & Strategies

Objectives:

Emirates Center of Culture & Computer is glad to announce that they have trained key employees of 99 companies that include Directors, General Manager, Finance Managers, Accountant, Purchase, supply chain staff, Marketing and sales staff, Administration, bookkeeping and Audit firm staff and many more.

Note: Please request for a brochure to get all details of this workshop.

GCC VAT is the most discussed issue in the corporate world. So businesses are keen on knowing the impact and challenges of the VAT in every area of their business. It is no more an issue of the Finance department, rather a challenge for the business manager of every department to contribute in strategy, planning and implementation.

This course is specifically designed for individual and organization to face this challenges based on changing the economic and commercial environment, supporting entities towards getting an insight of upcoming challenges, arising from the implementation of VAT, changes in their cash flows, profitability, sales and cost structures.

Overview:

This workshop on VAT Awareness Sales Contracts Negotiations Challenges & Strategies will give you detailed knowledge of VAT, its implementation in UAE, executive regulations and relevant Accounting and VAT return submission. It is designed to guide the individuals about the changing commercial and economic environment in UAE post VAT implementation.

Outline

VAT Awareness

- Direct & Indirect Tax

- Tax career in GCC

- VAT in UAE and its Impact

- VAT Framework

- Executive Regulations

- UAE VAT terminologies

- Taxable supply

- VAT Grouping

- VAT registration and documentation

- VAT on Import and Export in GCC & others

- VAT Penalties

- VAT calculations and common errors

- Much More

VAT Sales Contracts Negotiations and Challenges

- VAT challenges

- Overcoming the challenges

- Types of contract by the organization

- VAT Invoicing

- Contract drafting covering VAT and Future provisions

- Target costing and Marketing Pricing

- Contract Negotiations and supply chain strategies

- Risk analysis for NONcompliance of VAT

- Strategies to keep 2017 price with VAT

- Basic Management Accounting & costing with VAT

- VAT Compliance & Reporting

- Strategies for counter the negative effects VAT on Price

- Record keeping

- Business Impact –Pricing, Margin and cash flow

- Much More

Target Audience

- Business Entrepreneurs, CEO , Directors, Department Managers

- Procurement and Supply Chain Managers

- IT and IS Managers, Sales and Marketing Staff,

- Finance Staff. Staffs dealing with Payable & Receivables

- Tax Managers, External and internal Auditors

- Professional and Academic graduates

Course Methodology

VAT - Awareness

- Lecture with Interaction

- Question and Answer session with Participants’ industry

- VAT consultancy for Participants’ industry scenario

- Practice of written activities for exploring taxation skills of participants

- VAT registration exercise

VAT - Sales Contract Negotiations and Challenges

- Lecture with Interaction

- VAT Negotiation activities & Discussion

- VAT Management Accounting Activities

- VAT calculation activity to test the understanding of participants

- Strategy discussion on keeping the 2017 Price even with VAT