Value Added Tax (VAT) in the GCC

Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 3,900

Overview

With the expected introduction of a Value Added Tax (VAT) in the GCC countries, companies have to be prepared by upgrading the skills of their accounting staff to fully understand and properly account for the VAT. From invoicing to recording entries and preparing VAT return forms, this course provides an overview of the accounting treatment of the VAT according to the various types of goods and services.

Learning 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 the impact of VAT adoption on operations and accounts
• Understand the concept of VAT and get a recapitulation of the VAT law
• Overview of recent VAT regulations
• Work on VAT implementation and learn how to navigate management challenges
• Apply VAT procedures
• Work on VAT calculations, accounting issues, and documentation requirements
• Explore VAT application to various industries

Who Should Attend

Staff accountants, senior accountants, chief accountants, accounting managers, controllers, internal auditors, tax consultants, tax preparers, and other professionals in the accounting and finance functions. This well-researched course is useful for executives who are responsible for finance and accounting functions in their organizations. Finance Directors, Heads of Finance, Chief Finance Officers, Accounts Managers, Accountants, Auditors, and Analysts will find the course particularly useful. Organizations will undoubtedly find this course to be a great opportunity to train their young officers and other persons involved in VAT implementation. Target Competencies Understanding VAT Accounting for VAT

• Target Competencies
• Understanding VAT
• Accounting for VAT

Course Outline

Day 1 — Issuing the VAT invoice

• What does a VAT invoice look like?
• Contents of an invoice Difference between cash business and sales on account
• Local purchases of goods and services
• Imported goods and services

Day 2 — VAT on expenses

• Self-supply of goods and services
• VAT on sales Discounts provided to customers
• Returned goods
• Exchanged goods

Day 3 — Interest on late customers’ payments

• VAT entries for bad debts write-offs
• VAT entries for down-payments
• Treatment of damaged goods
• Sale on consignment: treatment for consignee and consignor

Day 4 — VAT on leases: operating and finance leases

• Purchases and sales of the fixed asset
• Entities providing non-vatable activities
• Retail
• Automotive

Day 5 — Meetings, incentives, conferences and events

• Financial services and insurance
• Real estate and construction
• Tourism
• Oil and gas

Accreditation

Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
25–29 October 2026	Riyadh, KSA	Public	5 days	3,900

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Frequently Asked Questions

What do Al-Khobraa finance and accounting courses cover?

The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.

Who should attend a finance and accounting course?

These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.

How long are finance and accounting courses, and where are they held?

Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.

What certificate will I receive?

Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.

Can finance and accounting training be delivered in-house for our team?

Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.

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