doing business in the uae - tax & vat in business and ......the uae implemented vat on 1 january...

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.

Doing Business in the UAE - Tax & VAT in Business and Practice11, 12, 18 & 19 November 2019 The Academy at DIFC, Gate Village 2, Dubai International Financial Centre

Attend the full course and

earn 8 CLPD points!

Lexis.ae/training-eventsMiddle East & North Africa

https://www.lexis.ae/training-events/

LEARNING OUTCOMES

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

Session 2: Economic Substance Regulations and Country-by-Country ReportingThis 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.

Session 3: Application of the VAT Laws in the UAEBy 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 EnvironmentDuring 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.

TARGET AUDIENCE

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

SPEAKERS

JOHN PEACOCK

Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates LLPJohn 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.

THOMAS VANHEE

Partner at Aurifer Middle East Tax Consultancy & Affiliate Professor of Tax Law, Aurifer TaxThomas founded Aurifer, a boutique tax firm established in Dubai. For more than a decade, Thomas worked at tier 1 tax law firms in Brussels and Paris and completed a secondment with Deloitte in the Gulf. He has been involved in several high-profile deals and has worked for blue chip and quoted companies and institutions in various sectors. In recent years Thomas has been involved in tax policy in Europe and the Gulf. He has also assisted businesses in assessing their readiness for the introduction of VAT on 1 January 2018. Thomas is teaching VAT at Paris Sorbonne Abu Dhabi in the first tax LL.M of its kind in the Gulf. He also joined his former university (Solvay Brussels School of Economics and Management) to teach an introductory course on tax law to master students.



PROGRAMME

Date & Time Topics to be covered Speaker

Session 1 11 November 201917:00 to 19:00

Overview of Tax & VAT in the UAE and Gulf» Origins of Tax & VAT» Latest Tax & VAT trends in the UAE and the Gulf − Double Taxation Treaties UAE: What does the recent UAE-KSA treaty mean?» VAT laws in the UAE» Taxable persons and tax groups» Taxable transactions


Economic Substance Regulations and Country-by-Country Reporting» 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» 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

Session 3 18 November 2019

17:00 to 19:00

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

John Peacock


Maintaining Compliance in the VAT Environment» Record Keeping» Tax Audits» Assessments» Administrative Penalties» Clarifications» Reconsiderations» Appeal Procedures» Enforcement

Thomas Vanhee

John Peacock



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REGISTRATION FORM

All fields in delegate details are mandatory and must be completed in block letters

For more information or to book, contact:

MARLE VAN SANDWYK

[email protected]

+971 58 835 9491

PRICINGFull course USD700

Full course (early bird registration before 20 October 2019) USD495

Per session USD 200

PAYMENT: Payment needs to be settled within one month of receipt of invoice or before the first course date (of courses elected).

CANCELLATION:If you are unable to attend, a substitute delegate from the same firm will be very welcome in your place. If this is not suitable, the course must be paid in full. If the date and/or venue of the training course have been agreed and LexisNexis wishes either to reschedule or cancel it, LexisNexis reserves the right to apply the training fee to the rescheduled training or any future training. If LexisNexis does not reschedule and cancel the training, LexisNexis shall return the training fee to client less an amount equal to any expenses incurred by LexisNexis in connection with the provision of any services.

For immediate invoice and payment, register online at: Lexis.ae/training-events

https://www.lexis.ae/training-events/https://www.lexis.ae/training-events/

doing business in the uae - tax & vat in business and ......the uae implemented vat on 1 january...

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