VAT Risk for trading companies

The objective of this workshop is to familiarize UAE trading businesses with the concepts and application of the upcoming VAT law in the UAE. During the workshop, practical examples involving movement of goods within the domestic market and cross-border will be discussed.

It is expected that the participants will be able to start with the impact assessment activities on their business after the completion of this seminar.

Who should attend?

Managing Directors, Partners, Financial Managers, supply chain managers, and legal counsel of trading companies.

Which topics are being covered?

·       Basic concepts of VAT as prescribed in the UAE VAT law and the GCC VAT Framework Agreement

·       Latest update on VAT in the UAE

·       VAT registration procedure

·       Tax procedural law

·       VAT Implication on Group entities and branches

 

Agenda

08:30    Breakfast and registration

09:00    VAT - Basic concepts

VAT for goods

·       Definition of supply and goods

·       Tax due date concept for goods

·       Margin scheme concept

·       Deemed supply of goods

·       Place of supply of goods

·       Exempted and zero-rated goods.

Workshop leader: Michel Ruitenberg & Markus Susilo

11:30    Coffee Break

11:45    VAT determination for cross-border supply of goods

·       Import of goods

·       Drop shipment

·       Mix supply concept

·       Intra-GCC movement

·       Distance selling

·       E-commerce

·       Transitional provisions of supply of goods

 

Workshop leader: Michel Ruitenberg & Markus Susilo

13:30    Lunch

14:00    VAT implication on group entities and subsidiaries

      INCOTERMS and supply of goods

Workshop leader: Narasimha Das

16:00    Coffee Break

16:15   VAT registration - points of consideration

Workshop leader: Markus Susilo

17:15    Q&A session

17:45    End of workshop