veryxgroup vat in uae...compliance. our training includes questionnaires, assessment tools, and...

VERYXGROUP

VAT IN UAE

ACCOUNTING PROCUREMENT

SUPPLY CHA

IN

M

ANAGEM

ENT

TRA

NSITIO

NA

LC

HA

LLEN

GES

CA

SH F

LO

W

MA

RK

ET

SHA

RE

RE

TEN

TIO

N

TRAN

SFER

PRICING

OPERATIONALCHALLENGES

VENDOR

SELECTION

CON

TRA

CT

MANAG

EMEN

T

+971 4 338 2988 [email protected] www.averyxgroup.com /averyxgroup

ARE YOU AWARE OF THE IMPACT OF VAT ON YOUR BUSINESS?JOIN OUR VAT IMPACT ASSESSMENT TRAINING.

NOVEMBER 2017

Averyx Group Headquarters,Office 2403, Churchill Tower, Business Bay,

Dubai, UAE

VERYXGROUPVAT IN UAE

OBJECTIVE

OUR METHODOLOGY

ARE YOU AWARE OF THE IMPACT OFVAT ON YOUR BUSINESS?

Join us for an 8-hour in-depth and interactive VAT Impact Assessment Training covering everything from VAT Registration to your company’s compliance with VAT requirements. The training also includes a detailed VAT Compliance Map and a feasible and executable plan of action designed specifically for your current status. Averyx Group’s VAT Impact Assessment Training presents all the information you need about leading your business towards a successful VAT compliance. Our training includes questionnaires, assessment tools, and other fact gathering materials about your office’s current readiness for VAT implementation to further determine your specific needs and requirements. The training will also ensure success of the VAT Phase 1: Impact Assessment Program.

PRACTICAL LEARNING ACTIVITIES


PRESENTATIONVAT Highlights

PROCESS REDESIGN& IMPLEMENTATION

Project ManagementApproach

VAT ACCOUNTING Practical Scenarios

TRANSITIONALCHALLENGES

Advisory

VAT ITAnalysis

IMPACT ANALYSIS Case Studies & Board Games

5

• Accounting• Human Resources• Supply Chain• Information Technology

Business Owner



TRANSITIONAL CHALLENGES

LEGAL HUMAN RESOURCE IT PROCUREMENT FINANCE SALES & MARKETING

• Purchase From Non VAT Registered Suppliers• Procurement System Redesign• Educating Suppliers

• System Changes • Documents (Tax Invoices)• Reports for VAT

• Employee’s Allowances • Employee’s Benefits & Gifts• Employee’s Training

• Review Existing and New Contracts• Compliance of Law & Record Keeping

• VAT Return Preparation• Cash Flows & Payments for VAT• Expenses & Accounting for VAT• Advance Payment

• Pricing Strategies• Credit Items• Billing Process• Educating Customers

TRANSITION PLANNINGChallenges Cost VS Time

PROCESS RE-DESIGNBenchmarking Milestone

VAT IN UAE PROJECT IMPLEMENTATION (PHASED APPROACH)

CURRENT STATUS

IMPACT ASSESSMENT

PLAN OF ACTION

Initial BriefingFact Gathering

Draft Plan of Action

Initial FinancialAssessment

Setting Future Direction

Current Status & VAT &Compliance Mapping

In-depth DepartmentalWorkshop

Finalize Plan of Action

VAT Advisory




Business Owner

• Overview on GCC VAT Framework• What is Value Added Tax (VAT)?• Common Framework for GCC Countries & LocalLegislations• Challenges in Framework & Member Countries Local Legislative• Operational Conflicts in VAT Framework – Taxed &Non Taxed Regime Members• Transitional challenges to your Business

• Map transactions • Check compliance requirements

• Assess changes to systems, contracts, etc.

• Train people • Implement ERP changes

• Register for VAT

• Prepare & file VAT returns • Improvise & fine tune compliance activities

VAT IN UAE

How we can help: Averyx Group will help you identify thes pecific impact of VAT to every aspect of your business, from organization, management and HR, accounting, technology and finance, supply chain and relationship with suppliers and dealings with the end customer model.

VAT Strategy Review for Organizations

STEP 3

STEP 4

STEP 1PLAN & ASSESS

• Classify transactions • Prepare manual & define procedures

• Customize & test design

STEP 2DESIGN & TEST

TRAIN & IMPLEMENT

GO LIVE

VAT CO M P L I A N C E R OA D M A P

GOAL: Achieve compliance with VATregulations in a timely manner.


JADD SHALAK B.COMM (HONS), CPA, IPA

VAT IN UAE REGISTRATION DETAILS

CANCELLATION POLICY: FOR CANCELLATIONS MADE 7 WORKING DAYS PRIOR TO THE WORKSHOP, NO REFUNDS WILL BE GIVEN. CANCELLATIONS MUST BE CONFIRME

BY EMAIL. SUBSTITUTIONS MAY BE MADE AT ANY TIME.

SENIOR CONSULTANT, PARTNER, AVERYX GROUP

AREA OF EXPERTISEEDUCATIONAL BACKGROUND

ARE YOU AWARE OF THE IMPACTS OF VAT TO YOUR BUSINESS?

Jadd is a registered Australian & UAE Tax Consultant, with over 20 years of experience in Accounting, Finance & Tax industry with some of the leading global organizations and banks in Australia, US (New York), UK (London), France (Paris) and China (Shanghai) holding senior management positions in those.

Averyx Group is a dynamic consultancy firm, based in Dubai – United Arab Emirates with experienced professionals in the areas of accounting, taxation, finance, marketing, information technology (IT), human resources and management consultancy. Jadd brings to the Averyx Group a wealth of knowledge in financial and management experience to ensure the continuous growth of the group.

• Bachelor of Commerce, (Honors), University of Sydney• PHD, Finance University of Sydney• Member of Certified Practicing Accountants (CPA)• Diploma of Financial Services (Financial Planning)• Registered Tax Accountant• SAP FICO Certification

• Tax Consutant• Structured Finance• Accounting• Financial Modelling• Business Analysis• Business Technology• Enterprise Resource Planning (ERP)

DATE: NOVEMBER 2017DURATION: 8 HOURSNOTE: LIMIT TO 6 PERSONS PER TRAINING

PLEASE CONTACT :MOBILE: +971 54 494 9844EMAIL: [email protected]


Averyx Group Headquarters,Office 2403, Churchill Tower, Business Bay,

Dubai, UAE

TRAINING FEE

WAYS TOREGISTER

REGULAR FEE: 300 USD / PARTICIPANT TEAM DISCOUNTS

WHAT’S INCLUDED

INCLUDES COURSE MATERIALS, CERTIFICATE, LUNCH, REFRESHMENTS AND BUSINESS NETWORKING

Group of 2: Save 10% off standard price

Group of 3+: Save 15% off standard price

Group of 6: Save 20% off standard price

Don’t miss this event as it will provide you with more networking opportunities with peers in the industry to discover how to develop an e�ective VAT-compliant business model by 2018 as well as highlight key strategies to successfully overcoming challenges brought by the introduction of VAT.


ARE YOU AWARE OF THE IMPACTS OF VAT TO YOUR BUSINESS?


T I M E L I N E O F A C T I V I T I E S

10:00

10:30

11:00

11:30

12:00

12:30

01:00

01:30

02:00

02:30

03:00

03:30

04:00

04:30

05:00

10:00-11:00- VAT Highlights- Presentation

5:00-6:00

11:00-12:30- VAT Accounting- VAT Calculations

12:30-1:30- Lunch Break- Prayer Break

1:30-3:30- VAT Implementation- Processing and - Reporting in form of board games

3:30-4:00- Tea / Coffee Break- Prayer Break

4:00-5:00- System changes & review

06:00- Impact Analysis

9:30-10:00- Registration- Welcome refreshments