KT, ICAI VAT Clinic to demystify taxation
dubai — As a new law passed by the leadership, value added tax (VAT) will be implemented in the UAE with effect from January 1, 2018. With new reforms, arise more questions and queries.
Aligning itself with the vision of the leadership, the Institute of Chartered Accountants of India (ICAI) UAE, Dubai Chapter, has partnered with Khaleej Times to host VAT Clinics to educate the masses on the implementation of VAT.
Scheduled to start on November 25, the Clinic will be held every week at the Khaleej Times office in Al Quoz. VAT Clinic is a unique platform where ICAI UAE Dubai Chapter members and invited guests can ask questions about VAT to domain experts. The attendees will give their questions well in advance by filling a Google form, which will help the domain experts to prepare well. The dissemination of right and correct information to members and guests is the objective of VAT Clinic.
Speaking about organising this initiative with ICAI, Khaleej Times editor Mr Vinay Kamat stated: “The proposed implementation of VAT in the UAE and GCC will present a number of challenges for businesses operating in the region as VAT will impact all parts of the business. VAT Clinic will help in providing right information to businesses.”
ICAI has achieved recognition as
ICAI is confident that the economy will seamlessly incorporate the new taxation policy with the right tools and education Naveen Sharma, Chairman of ICAI Dubai Chapter
a premier accounting body not only in India but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI Dubai Chapter is the largest, oldest, best overseas chapter of ICAI, India having 3,000 plus members.
Speaking about this particular initiative, Naveen Sharma, chairman of ICAI Dubai Chapter, said: “ICAI is confident that the economy will seamlessly incorporate the new taxation policy with the right tools and education. A wellplanned and executed VAT implementation will result in benefits for the business in respect of ongoing compliance and management of risks, as well as cash flow management. VAT Clinic will help business to proactively manage their VAT affairs. This will also enable them to take advantages of legitimate opportunities to minimise their VAT burden. We are very happy that Khaleej Times shares our enthusiasm and are more than willing to play our part.”
— business@khaleejtimes.com