• Explain VAT concepts and regulatory frameworks specific to KSA.
• Apply correct procedures for VAT registration, filing, and return preparation.
• Conduct accurate VAT calculations using appropriate accounting standards.
• Identify common VAT risks and develop mitigation strategies.
• Navigate industry-specific VAT exemptions and reverse charge mechanisms.

• Finance professionals and managers
• Business owners and accountants
• Corporate accountants and financial controllers
• Management accountants and auditors

Module 1: Fundamentals of Value Added Tax

• Introduction to VAT and taxable supplies
• VAT rates, exemptions, and supply rules
• Input tax deduction and recovery

Module 2: VAT Concepts

• Input and output VAT fundamentals
• Definitions of supplies, goods, and services
• Objectives and applications of VAT

Module 3: VAT Registration

• Registration criteria and thresholds
• Mandatory vs. voluntary registration
• Non-resident and group VAT registration

Module 4: Place and Date of Supply Rules

• Determining place of supply for goods/services
• Special cases in date of supply
• Impact on contract-based transactions

Module 5: VAT Exemptions

• Sector-specific exemptions (e.g., real estate, finance)
• Import VAT suspension
• Operational impacts of exemptions

Module 6: VAT Administration

• VAT return filing processes
• Case study: return preparation
• Refund claims and documentation

Module 7: Reverse Charge Mechanism and Imports

• Reverse charge mechanism explained
• Accounting entries for VAT on imports
• Implications for unregistered importers

Module 8: VAT Audit Preparation

• Preparing for VAT audits
• Common audit triggers and responses
• Documentation and recordkeeping

Module 9: VAT Risk Management

• Identifying VAT-related risks
• Controls and processes to mitigate risks
• Ensuring continuous compliance

Module 10: Industry Applications of VAT

• Case studies from various sectors
• Managing VAT in multi-industry environments
• Adapting processes for VAT efficiency

The course combines various teaching methods, including instructor-led presentations, group discussions, case study analyses, and assessments through quizzes and a final exam to engage participants and ensure they understand and retain the material.