Overview
In the absence of taxes on transactions like VAT in the UAE, professional and legal service providers have multiple flexible arrangements with their clients and business partners. The commercial aspects have always have taken the driver seat in most decision-making process. Such business arrangements will most likely expose the service providers to significant VAT risk once VAT is implemented in the UAE. The risk may increase in cross-border transactions for services. By the end of this workshop, participants should be able to review the contractual arrangement with their clients and analyse the potential impact in an environment where VAT is applicable. Moreover, it is expected that participants can start taking necessary steps to mitigate the potential VAT risks within their practice.
We will discuss the VAT implications on the basis of the articles laid down in Federal Decree –Law no. (8) of 2017 on Value Added Tax published on 27 August 2017 that will come into effect in the UAE per 1 January 2018.
Who should attend?
This workshop is aimed for Chief Legal Officers, Corporate Legal Counsels, Legal Practitioners, Managing directors/Managers and Financial Managers/Directors of professional service providers.
Which topics are being covered?
• UAE VAT Laws
• GCC VAT Framework Agreement
• UAE latest update
• Tax procedural law
• VAT Implication on Group entities and branches