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.
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 lawyers’ practices and how to use 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.
» how VAT works in practice, particularly from the perspective of the Federal Tax Authority, methods for deciphering and understanding the VAT Laws and how to get clear guidance on uncertain VAT related issues.
» avenues for objection and appeal against decisions of the Federal Tax Authority and the tiers thereof.
» practical applications of the VAT Laws.
Legal Consultants, Advocates, and Corporate Counsel with business interests in the UAE.
Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates LLP
John is the Head of Indirect Tax and Conveyancing at BSA and is a qualified Attorney who has been practicing for over twenty-five years. He was managing partner in a law practice for 14 years where he was responsible for all conveyancing, taxation and corporate matters. John is a Director of The VAT Services Group. He has advised and represented numerous tax payers in both tax and VAT disputes across various industries. He also has extensive experience in legal due diligence and expert reports on company governance, in commercial contracts and the general conduct of business in the UAE and the GCC and regularly acts on behalf of international law firms relating to complex and cross-border transactions
|Date & Time||Topics to be covered||Speaker|
|3 February 2020 5:00pm – 7:00pm||Session 3: Application of the VAT Laws in the UAE » Understanding VAT
− Goods and Services
− Impact on different industries
» 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
» How VAT affects legal firms
|4 February 2020 5:00pm – 7:00pm||Session 4: Maintaining Compliance in the VAT Environment
» Tax Audits
» Administrative Penalties
» Appeal Procedures