| Date | Venue | Fees | |
|---|---|---|---|
| 07 - 09 Sep 2026 | Dubai - UAE | $ 3,950 | |
| 12 - 14 Oct 2026 | Riyadh - Saudi Arabia | $ 3,950 | |
| 06 - 08 Sep 2027 | Dubai - UAE | $ 3,950 | |
| 11 - 13 Oct 2027 | Riyadh - Saudi Arabia | $ 3,950 |
Introduction
This specially-designed VAT online training course examines the rules and regulations of VAT and clearly demonstrates the procedures and controls that should be in place to ensure VAT returns are submitted accurately and on time. This training course will give you a complete understanding of VAT, covering all the essentials topics and giving you the confidence to know if you are dealing with VAT correctly. It will also help you develop your plan to successfully implement and maintain compliant VAT processes in your company.
Participants attending the GLOMACS VAT Framework training course will develop the following competencies:
- Gain an overview of VAT’s introduction in KSA
- Discover the obligations and implications of the VAT legislation for KSA businesses
- Understand the principals of VAT
- Learn how to align finance processes and controls to ensure and maintain compliance
Objectives
As a result of attending the VAT in KSA training course, the participants will be able to:
- Develop a better understanding of how VAT applies through the supply chain
- Know how to account for VAT
- Understand how to avoid VAT becoming a cost to your business
- Appreciate the impact of VAT across all your business units
- Have a roadmap on how to prepare your business for VAT
Who should Attend?
This GLOMACS training course will benefit CFO’s, Finance Managers, Internal Auditors, Accountants, IT Managers, Procurement Managers, Managers of Accounts Payable or Accounts Receivable Departments, as well as Finance Professionals interested in developing their understanding of this new legislation.
The VAT in KSA training will equally appeal to employees in the private, public and not-for-profit sectors.
Introduction to VAT & Compliance
- Meaning of VAT
- The new legislation
- Deadlines for compliance
- Risks of non-compliance
- Understand the concept of VAT and its impact on the economy
- Understand the VAT registration process and prepare required documents for VAT registration
VAT Implementation & its Effects on Business Processes
- Pre-requisites & Preparation for businesses before VAT implementation
- Differentiate Accounting methods concerning VAT
- Calculate Input VAT and Output VAT
- Categorize the supplies for VAT calculation
- VAT Challenges - Internal Vs External
- VAT Mitigation Strategies
- Cash Flow and VAT
VAT Management & Beyond
- Understand the impact of VAT on the Imports and Exports to the member countries (GCC) and non-member countries (rest of the world)
- Understand the impact of VAT on the operational and the financial performance of the business
- Preparation of the invoices including VAT and returns
- Understand VAT administration, fines and penalties related to VAT filing
- Industry-specific considerations
- Identify common errors in VAT calculation
- Upon successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance
Endorsed Education Provider
