Egyptian Value Added Tax (VAT)

The Value added Taxes Law training is created to ensure that participants have a thorough understanding of the fundamentals of VAT, including areas where the most common mistakes happen.

It also includes the latest information and legislation to ensure that participants are up to speed with the most recent amendments. The course is practical and example-focused, and will allow them to immediately implement what has been learnt.

This course is designed to give accounting, finance, sales and purchasing departments and logistics professionals a comprehensive overview of the VAT system.

What Is The Training Course Methodology?

ACAD Corp’s methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as Theoretical Lectures, Workshops, Open discussion to exchange opinions and experiences, Scenarios, innovative thinking brainstorming and teamwork, Role-play and simulation, and Audiovisual tools and materials.

Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. Training material will be presented in English and Arabic.

Who Should Attend This Training Course?

This training course is suitable for Staff accountants, senior accountants, chief accountants, accounting managers, controllers, internal auditors, tax consultants, tax preparers, IT professionals, business development managers and other professionals in any of the company’s functions.

What Are The Training Course Objectives?

• Explain how to account for VAT on purchase and sales of goods or services whether the entity is registered in VAT or not

• Use the company’s trial balance to fill up a VAT return

• Formulate a preliminary assessment of impact of VAT adoption on operations and accounts

What Is The Training Course Curriculum?

Vat Concept

• Concept And Motive of VAT

• Input And Output VAT

• Supplies, Goods and Services

Categories Of Supplies

• Taxable Supplies

• Reduce Rated Supplies

• Zero Rated Supplies

• Exempt Supplies

• Zero Rated Vs. Exempt

VAT Registration

• Rules For Vat Registration

• Rules For Vat De-Registration

Vat Calculation

• When Should VAT Be Accounted For?

• Calculating Input VAT (Purchases)

• Calculating Output VAT (Sales, Services & Gifts)

VAT Administration

• Filing VAT Returns

• VAT Schemes

• Timing For VAT Filing

• Substantial Traders

• Claim For VAT Refunds

VAT Penalties

• Late Payment/ Submission Penalties

• Error and Penalties

• Default Interest Rate

VAT On Imports And Exports

• Calculating Output Vat on Exports

• Calculating Input Vat on Imports

• (Member Countries and Non-Member Countries)

VAT Invoices And Records

• Layout of the VAT Invoice

• Charging Vat on Invoice Price

• VAT Invoices Record Keeping

VAT Errors

• Pre-Registration Input VAT Calculation Relief Calculation

• Valuation of Supplies