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A Masterclass In Value Added Tax – Part I

All GCC Member States are in the process of approving the long anticipated common framework for the introduction of Value Added Tax (VAT) system in the GCC.

The UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, has stated that the UAE will implement VAT at the rate of 5% on 1 January 2018. With such a tight deadline for implementation it is imperative that firms ensure they are aware of the implications and prepare accordingly to avoid penalties.

With certain GCC countries aiming to implement for January 2019, the UAE is leading the way with an aggressive January 2018 start date for Phase I.

The common VAT framework will form the basis for the introduction of national VAT system by each Member State. There are a number of challenges that still need to be addressed before VAT is introduced. This workshop aims to provide a basic understanding of VAT and its application within the UAE and then drilldown into practical challenges and case studies to ensure the audience are able to immediately benefit and apply their knowledge within their respective firms.

Workshops will be led by industry SMEs and regional TAX experts.


  • Definition of VAT
  • Purpose of VAT
  • VAT vs Sales Tax
  • Phase I within the UAE
  • The Company Threshold
  • Proposed Exceptions
  • Case Study – Impact across different industries
  • VAT Liability
  • Contracts
  • Point of Sale
  • VAT Collection
  • Reclaims
  • Penalties
  • Delivery Challenges

Course Properties

Price: Upon Request
Location: Dubai
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