Budgeting & Financial reports
Overview of Applying VAT in Construction Industry
February 19, 20, 21 - 6:00 PM to 9:30 PM
This course focuses on giving overview of Applying and implementing VAT in construction Industry, A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of general consumption tax that is collected incrementally, based on the increase in value of a product or service at each stage of production or distribution. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the customer.
-Overview of VAT
o Value Add taxes Defintiion and Concept
o UAE Federal Tax Authourity (FTA) laws & Procedures
o VAT Legislation & Regulations
-Current Projects & Future Projects Adoption for VAT Impact and Budgets forecasting.
-Managing Budgeting & Selling Price New projects including VAT
-Risk Management overview ( Environmental Enterprise Factors including internal and External factors and project Activities risk)
o VAT Impact on businesses and economy
-Projects Record Management, financial reports & Organization Process Assets
o VAT Accounting
o VAT Adminitration
Who should Attend
This course is primarily designed for project managers, Risk managers, tender Staff, Financial teams, or any individuals involved in Construction industry.