The Value Added Tax (VAT), is a tax on goods and services tax and defined as the general consumption tax and indirect tax that is collected incrementally, based on the value added to goods and services.
VAT is a consumption tax because it is borne by the final consumer. It is not a charge on businesses. VAT is also an indirect tax as it is paid to the VAT authorities by the seller of the goods, who is the “taxable person”, but it is actually paid by the buyer to the seller as part of the selling price.
GCC Vat is the most discussed issue in today’s Corporate World that requires a greater understanding.
GCC Market is expected to implement VAT (Value Added Tax) across businesses. As a result of this decision, all companies are expected to upgrade and enhance the accounting and finance knowledge of their staff in the related department. VAT will have an impact on all the supply chain starting from invoicing to data recording and the preparation of VAT returns forms.
Goal of Value Added Tax (VAT) Course:
In order to cope with market requirements and to be in a support for GCC market in general and to Saudi market in particular Leap To Success worked extensively hard on designing a unique interactive and practical workshop that provides the related staff with the needed skills and knowledge to help them implement the VAT requirements effectively. Our research team and our skilled and knowledgeable consultants prepared a unique detailed technical VAT program that tackles multiple sources for the possible VAT treatment.
In general, our training VAT workshops will empower your staff with the needed knowledge of VAT mechanics and treatment of various services and supplies in GCC in general and KSA in particular, leading to the more efficient handling of VAT within your organization.
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