Doing Business in The UAE: Tax and VAT in Business and Practice – January & February 2020, The Academy at DIFC

UpcomingDoing Business in The UAE: Tax and VAT in Business and Practice – January & February 2020, The Academy at DIFC

Attend the full course and earn 8 CLPD points!

 

The UAE implemented VAT on 1 January 2018 pursuant to Federal Decree-Law No. 8/2017 and the related Executive Regulations in Cabinet Decision No. 52/2017. The UAE is one of three GCC countries to implement its VAT legislation. LexisNexis, in collaboration with Aurifer Tax, BSA Ahmad Bin Hezeem & Associates LLP and the DIFC Academy, is running a Tax and VAT Training Programme on everything you need to know from the Laws to the latest trends. This training programme includes four courses, covering theoretical and practical aspects.

LEARNING OUTCOMES

Session 1: Overview of Tax & VAT in the UAE and Gulf

During this session, attendees will have an opportunity to familiarise themselves with various aspects of direct tax and VAT in the UAE and greater GCC region. The course will touch upon the basic principles of VAT as well as the recent double tax treaty between the UAE and KSA. At the end of this session, attendees will have a broad understanding of the direct tax and VAT framework in the UAE.

Session 2: Economic Substance Regulations and Country-by-Country Reporting

This session revolves around the recently published cabinet decisions which introduced Economic Substance Regulations and Country-by-Country Reporting requirements in the UAE. Attendees will be informed on which businesses fall within the scope of these new regulations and what this entails for businesses in the UAE. As such, attendees will obtain the necessary knowledge to help business under their supervision comply with the requirements arising from this new legislation.

Session 3: Application of the VAT Laws in the UAE

By the end of the session, attendees will have a better understanding of:

  • the practical impact VAT has on business and what lawyers need to keep in mind when drafting contracts where VAT is involved;
  • how transactions can be structured around the VAT Laws and to use the provisions in the VAT Law to avoid VAT implications, as is allowed in terms of the VAT Law.
  • the impact of VAT on their lawyers’ practices and how they can effectively use the provisions of the VAT Laws to their advantage.

Session 4: Maintaining Compliance in the VAT Environment

During this session, we will look at:

  • the essentials of VAT compliance, for application in practice, especially when drafting contracts and during due diligence exercises.
  • an overview on how VAT works in practice, particularly from the perspective of the Federal Tax Authority, which will highlight the methods of deciphering and understanding the VAT Laws and how to get clear guidance on uncertain VAT related issues.
  • The avenues for objection and appeal against decisions of the Federal Tax Authority and the tiers thereof.
  • practical applications of the VAT Laws.

 TARGET AUDIENCE

Legal Consultants, Advocates, and Corporate Counsel with business interests in the UAE.

PROGRAMME

Date & Time Topics to be covered Speaker
27 January 202

17:00 to 19:00

Session 1: Overview of Tax & VAT in the UAE and Gulf

1. Origins of Tax & VAT

2. Latest Tax & VAT trends in the UAE and the Gulf

  • Double Taxation Treaties UAE: What does the recent UAE-KSA treaty mean?

3. VAT laws in the UAE

4. Taxable persons and tax groups

5. Taxable transactions

Thomas Vanhee
28 January 2020

17:00 to 19:00

Session 2: Economic Substance Regulations and Country-by-Country Reporting

1. Economic Substance Regulations

  • Origin and purpose of the introduction of economic substance legislation in the UAE
  • What is economic substance?
  • Which entities are in scope of the new legislation?
  • Reporting requirements
  • What is the Economic Substance Test?
  • Risks and penalties

2. Country-by-Country Reporting (CbCR)

  • Background
  • Entities in scope
  • Which information needs to be shared under Country-by-Country Reporting legislation?
  • Exchange of information
  • Risks and penalties
Thomas Vanhee
3 February 2020

17:00 to 19:00

Session 3: Application of the VAT Laws in the UAE

1. Understanding VAT

  • Goods and Services
  • Impact on different industries

2. How the VAT Law impacts businesses and contracts

  • What lawyers must be aware of
  • How VAT impacts specific agreements
  • What to be aware of when drafting contracts
  • Common pitfalls to avoid when applying VAT in practice

3. How VAT affects legal firms

John Peacock
4 February 2020

17:00 to 19:00

Session 4: Maintaining Compliance in the VAT Environment

  • Record Keeping
  • Tax Audits
  • Assessments
  • Administrative Penalties
  • Clarifications
  • Reconsiderations
  • Appeal Procedures
  • Enforcement
John Peacock

 

Details Price Qty
Full courseshow details + USD700.00 (USD)  
Full course (early bird registration before 12 January 2020)show details + USD495.00 (USD)  
Session 1show details + USD200.00 (USD)  
Session 2show details + USD200.00 (USD)  
Session 3show details + USD200.00 (USD)  
Session 4show details + USD200.00 (USD)  

Venue:  

Venue Phone: +971 4 401 9324

Venue Website:

Address:
Dubai International Financial Centre, The Gate Village, Building 02, Dubai, United Arab Emirates

  • Session 1
    27/01/2020
    17:00 - 19:00
  • Session 2
    28/01/2020
    17:00 - 19:00
  • Session 3
    03/02/2020
    17:00 - 19:00
  • Session 4
    04/02/2020
    17:00 - 19:00
Madelein Du Plessis

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