GCC VAT – How to avoid being one out of four companies fined?

Register now for our next breakfast seminar on VAT updates and make sure that you do not become part of the 25% of businesses which got fined.

During this seminar, our experts from AURIFER TAX, Mr. Thomas Vanhee and Mr. Laurent Bertin will share with you the latest VAT updates in the UAE, KSA and GCC. The buck does not stop at filing the returns and implementing VAT in your internal processes. The implementation was not a one shot exercise. We have seen increased attention and audits from the UAE and KSA tax authorities applying important penalties for violators. In addition, the VAT legislation in Bahrain is even more strict. Following a client survey conducted by AURIFER, one of the conclusions was that almost 25% of businesses already got fined.

The speakers have been involved in the tax policy processes in UAE and KSA and lecture at Paris Sorbonne Abu Dhabi, the DIFC Academy of Law, the IBFD, as well as other international institutions. They are amongst the longest serving VAT advisers in the region and have guided many businesses in their VAT implementation and are currently assisting businesses with corrections where necessary.The topics covered during the seminar are as following:- UAE updates:

• VAT refund mechanism
• VAT updates by sectors: Real Estate, Insurance
• VAT regimes updates: Designated Zones, entertainment expenses, tax invoices, labour accommodation
• Relation with the FTA: Tax Audits, Voluntary Disclosure and Clarification process

- KSA updates:

• Amendments of the VAT law 
• VAT updates by sectors: Financial services, Healthcare, Education
• VAT regimes updates: Import/Export

- GCC VAT implementation status update - Q&A session

Our speakers:
Laurent BERTIN and Thomas VANHEE: Read their bios

Important Information

• Date: Tuesday, December 11, 2018 from 8.30am to 10.30am 
• Welcome Breakfast and Registration at 8.30am
• English speaking seminar
• Price: FBC Members: AED125 (VAT incl.) // Non- Members: AED250 (VAT incl.)
  Registration is mandatory - Your seat will be confirmed once full payment is received
• Location: Capital Club Dubai
• DIFC, Gate Village, Building 3 - 2nd floor, DUBAI MEETING ROOM
  - Valet parking charges AED 21 for up to 3 hours