Journey from Tax Free to Comprehensive Tax Regime in GCC - VAT
Economic Substance Regulations (“ESR) have been introduced in countries with low or no corporate taxes, in order to comply with international initiatives to combat harmful tax practices including unlawful avoidance or evasion. Particularly w.r.t UAE, it introduced the ESR in 2019 [which has been recently updated], to honor its commitment as a member of the OECD Inclusive Framework on BEPS, and in response to a review of the UAE tax reporting framework by the European Union (EU). The purpose of the Regulations is to ensure that UAE entities undertaking certain activities report actual profits that are commensurate with the economic activity undertaken within the UAE. With the same intent, even the Kingdom of Bahrain introduced ESR in 2018.
Against this backdrop, Taxsutra is delighted to present to you an exhaustive 40 Hours Master-Class Series on “All You Need to Know About ESR & VAT Implications in the Middle East” with Mr. Nirav Shah (Director, FAME Advisory DMCC, U.A.E) & Mr. Pratik Shah (Founding Partner, TMSL & Regular Speaker at ICAI Dubai, Abu Dhabi & IBPC U.A.E) [Starting Dec 9th].
This Module of the series dealing with VAT Implications in the Middle East, Mr. Pratik Shah shall broadly deal with 17 comprehensive topics [amounting to approx. 25 Hours], as outlined below:
|
Sessions |
Topic |
Mode of Delivery |
Date & Time of Master-Class |
|
1 |
VAT Across the Globe and GCC Common Framework |
Live Master-Class |
Wednesday, 27th January ; 4:30 to 6:30 PM |
|
2 |
Key Concepts of UAE VAT |
Pre Recorded Session |
N/A |
|
3 |
Key Differences between GCC VAT Laws |
Pre-Recorded Session |
N/A |
|
4 |
Key Differences - Indian GST & UAE VAT |
Live Master-Class |
Wednesday, 17th Feb ; 4:30 to 6:30 PM |
|
5 |
UAE VAT – Impact on Sales & Procurement Function (DOs & DON’Ts) |
Pre-Recorded Session |
N/A |
|
6 |
UAE VAT – Impact on IT, HR & Finance Function (DOs & DON’Ts) |
Pre-Recorded Session |
N/A |
|
7 |
Key Issues – Real Estate, Hospitality and Logistics |
Live Master-Class |
Thursday, 18th February; 4:30 to 6:30 PM |
|
8 |
Key Issues – Retail, Oil & Gas and Banking-Financial Services |
Pre-Recorded Session |
N/A |
|
9 |
Audit Process in UAE VAT – FTA Audit File requirements |
Pre-Recorded Session |
N/A |
|
10 |
Litigation / Appeal - Process in UAE VAT & Recent Supreme Court Ruling |
Live Master-Class |
Friday, 19th February; 4:30 to 6:30 PM |
|
11 |
Key Fines & Penalties |
Pre-Recorded Session |
N/A |
|
12 |
VAT & Use of Technology |
Pre-Recorded Session |
N/A |
|
13 |
Key Compliance Process – Registration, Deregistration & Refunds |
Pre-Recorded Session |
N/A |
|
14 |
Key Compliance Process – Payments & Returns |
Pre-Recorded Session |
N/A |
|
15 |
Recent key VAT Changes in UAE |
Live Master-Class |
Wednesday, 24th February; 4 30 to 6 30 PM |
|
16 |
Recent key VAT Changes in KSA and Bahrain |
Pre-Recorded Session |
|
|
17 |
VAT Implementation in Oman – Learnings from KSA, Bahrain & UAE |
Pre-Recorded Session |
|
|
|
Live Query Solving Session & Concluding Remarks |
Live Master-Class |
Friday, 26th February ; 4:30 to 6:00 PM |
Email us at trainings@taxsutra.com to block your seat.
Additionally, on completion of this comprehensive course, participants shall be eligible to receive a "Certificate of Participation" from Taxsutra
- Year Of Publication: 2020
- ISBN: 0
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com)
2. Transfer Pricing Portal (www.tp.taxsutra.com)
3. GST and Central Indirect Taxes Portals (www.gstsutra.com - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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Economic Substance Regulations (“ESR) have been introduced in countries with low or no corporate taxes, in order to comply with international initiatives to combat harmful tax practices including unlawful avoidance or evasion. Particularly w.r.t UAE, it introduced the ESR in 2019 [which has been recently updated], to honor its commitment as a member of the OECD Inclusive Framework on BEPS, and in response to a review of the UAE tax reporting framework by the European Union (EU). The purpose of the Regulations is to ensure that UAE entities undertaking certain activities report actual profits that are commensurate with the economic activity undertaken within the UAE. With the same intent, even the Kingdom of Bahrain introduced ESR in 2018.
Against this backdrop, Taxsutra is delighted to present to you an exhaustive 40 Hours Master-Class Series on “All You Need to Know About ESR & VAT Implications in the Middle East” with Mr. Nirav Shah (Director, FAME Advisory DMCC, U.A.E) & Mr. Pratik Shah (Founding Partner, TMSL & Regular Speaker at ICAI Dubai, Abu Dhabi & IBPC U.A.E) [Starting Dec 9th].
This Module of the series dealing with VAT Implications in the Middle East, Mr. Pratik Shah shall broadly deal with 17 comprehensive topics [amounting to approx. 25 Hours], as outlined below:
|
Sessions |
Topic |
Mode of Delivery |
Date & Time of Master-Class |
|
1 |
VAT Across the Globe and GCC Common Framework |
Live Master-Class |
Wednesday, 27th January ; 4:30 to 6:30 PM |
|
2 |
Key Concepts of UAE VAT |
Pre Recorded Session |
N/A |
|
3 |
Key Differences between GCC VAT Laws |
Pre-Recorded Session |
N/A |
|
4 |
Key Differences - Indian GST & UAE VAT |
Live Master-Class |
Wednesday, 17th Feb ; 4:30 to 6:30 PM |
|
5 |
UAE VAT – Impact on Sales & Procurement Function (DOs & DON’Ts) |
Pre-Recorded Session |
N/A |
|
6 |
UAE VAT – Impact on IT, HR & Finance Function (DOs & DON’Ts) |
Pre-Recorded Session |
N/A |
|
7 |
Key Issues – Real Estate, Hospitality and Logistics |
Live Master-Class |
Thursday, 18th February; 4:30 to 6:30 PM |
|
8 |
Key Issues – Retail, Oil & Gas and Banking-Financial Services |
Pre-Recorded Session |
N/A |
|
9 |
Audit Process in UAE VAT – FTA Audit File requirements |
Pre-Recorded Session |
N/A |
|
10 |
Litigation / Appeal - Process in UAE VAT & Recent Supreme Court Ruling |
Live Master-Class |
Friday, 19th February; 4:30 to 6:30 PM |
|
11 |
Key Fines & Penalties |
Pre-Recorded Session |
N/A |
|
12 |
VAT & Use of Technology |
Pre-Recorded Session |
N/A |
|
13 |
Key Compliance Process – Registration, Deregistration & Refunds |
Pre-Recorded Session |
N/A |
|
14 |
Key Compliance Process – Payments & Returns |
Pre-Recorded Session |
N/A |
|
15 |
Recent key VAT Changes in UAE |
Live Master-Class |
Wednesday, 24th February; 4 30 to 6 30 PM |
|
16 |
Recent key VAT Changes in KSA and Bahrain |
Pre-Recorded Session |
|
|
17 |
VAT Implementation in Oman – Learnings from KSA, Bahrain & UAE |
Pre-Recorded Session |
|
|
|
Live Query Solving Session & Concluding Remarks |
Live Master-Class |
Friday, 26th February ; 4:30 to 6:00 PM |
Email us at trainings@taxsutra.com to block your seat.
Additionally, on completion of this comprehensive course, participants shall be eligible to receive a "Certificate of Participation" from Taxsutra
- Year Of Publication: 2020
- ISBN: 0
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com)
2. Transfer Pricing Portal (www.tp.taxsutra.com)
3. GST and Central Indirect Taxes Portals (www.gstsutra.com - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
