Learning Objectives
- Explain the broad structure and the main tenets of the UAE VAT law, the role of the Federal Tax Authority (FTA) and how VAT should operate in practice.
- Explain the public policy and rationale behind VAT and why it is different to any of the other transactional taxes.
- Consideration of the GCC Framework Agreement and how VAT will play into trade across the Middle East.
- Describe how the Law and Executive Regulations are to be considered, and where the Law currently has gaps to be mindful of.
- A broad comparison of how the GCC has been implementing VAT across the region, and what could happen and what businesses need to consider where it has not yet been implemented.
- Impact of VAT on Expo 2020 and other regulatory initiatives by the UAE Government to ensure minimal impact of VAT.
- Run through main issues being faced by corporate clients, as well as considering some of the more ‘curious’ features of VAT, including: the reclaim for input VAT, apportionment, the reverse charge mechanism, exemptions and cross-border transactions.
- How to undertake and maintain ‘good’ VAT compliance.
Who Should Attend
Legal consultants (both in law firms and in-house) who deal with contracts and transactions in the UAE and Middle East more widely, and also those wishing to enhance their knowledge in this specialist area of law.
Speaker:
Dilpreet Dhanoa
Associate (Barrister) | Squire Patton Boggs
For further information or to request for an assistance, please contact [email protected]
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