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Past event summary

FTA VAT Audit

An Onset of a New Journey

About the event

Prepare your business for a VAT Audit – join our webinar with tax consultants offering guidance on procedures, types of audits, challenges and much more!

Hear from MMJS Consulting on how your business can get organised when your company is requested for an audit from the Federal Tax Authority (FTA). Discuss, learn and engage with experts on required information during an audit, potential issues and steps you should take to get ready.

Why attend?

  • Learn what is a VAT Audit – legal genesis
  • Explore the process and types of Federal Tax Authority (FTA) audits
  • Discover how to prepare for future VAT Audits
  • Find out the information requested during an audit, including practical aspects of audit documentation
  • Participate in a Q&A and panel discussion on common industry-wide issues during an audit
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Event details

Where

Online. Upon registration, you will receive details on how to join the webinar.

When

11:00am - 12:30pm, 13 Jun 2021

Agenda

Welcome Note

Jignesh Sanghvi
Chief Financial Officer
DMCC

Keynote Speech

Surandar Jesrani
Managing Partner & CEO
MMJS Consulting

FTA VAT Audit: Ready guide for DMCC registered businesses to prepare for VAT Audit

Topics covered:

  • What is VAT audit – Legal Genesis
  • FTA audit process and types of audit
  • Key information requested during audit – including practical aspects of audit documentation
  • Do’s and don’ts in handling audit
  • How DMCC members should prepare themselves for audit

Panel Discussion

Topic: Common industry-wide issues which may be faced by DMCC members during VAT audit

Decoding the recent Cabinet Resolution No. (49) of 2021

Topic: UAE Cabinet Resolution No. (49) of 2021 on the reduction of administrative penalties and its impact on DMCC members

Q&A

Speakers

JIGNESH SANGHVI
CHIEF FINANCIAL OFFICER

DMCC

JIGNESH SANGHVI

Jignesh Sanghvi is the Chief Financial Officer at DMCC, and a senior member of its leadership team.

Directing the organisation’s overall financial strategy, Jignesh is responsible for leading a variety of corporate finance teams including strategy, accounting, treasury and reporting.

Shaping DMCC’s culture of regulatory compliance and corporate governance, Jignesh oversees the organisation’s critical financial and risk management processes.

Joining in 2006, Jignesh has held various leadership roles within the organisation and across a broad range of operations

With over 20 years of experience in strategy, financial operations and management, Jignesh is a proven strategic leader with a strong track record of both building and managing successful finance and operating teams.

Prior to DMCC, Jignesh worked with Chicago Bridge and Iron, an international EPC company and leading auditing firms in the United Arab Emirates (UAE) and India.

Jignesh is a qualified Chartered Accountant with the ICAI in India, ACCA in the United Kingdom, and UAECA in the UAE, and holds a Bachelor’s degree in Commerce from Gujarat University, and a Post Graduate Diploma in Business Administration from Symbiosis International.

 

SURANDAR JESRANI
MANAGING PARTNER & CEO

MMJS CONSULTING

SURANDAR JESRANI

Surandar Jesrani is Managing Partner & CEO of MMJS and has over 16 years of experience in the areas of finance, consulting and taxation.

Surandar has been assisting clients with his technical expertise in VAT implementation, VAT health-check reviews, tax advisory and other tax compliances.

Prior to starting MMJS, Surandar has worked with Larsen & Toubro Ltd., General Motors and Infosys in India and Europe. He has also worked with a private equity group in Dubai.

Surandar has functionally supported a similar type of assignment during his work tenure with Infosys.

Surandar has established himself as a prominent name in the GCC and is a regular contributor in Khaleej Times and other media. He supports various large clients on multiple services in different industries. He is also an entrepreneur by nature and believes in adding value to businesses.

Qualifications:

  • Chartered Accountant
  • B.Com

ANKUR JAIN
DIRECTOR

MMJS CONSULTING

ANKUR JAIN

Ankur Jain is a Director in the tax practice at MMJS and has more than 12 years of experience in indirect tax/VAT having previously worked in India and Malaysia.

Ankur is the lead VAT Project Manager for a number of clients including big family groups, Free Zones, local and multinational entities with operations across GCC.

Ankur has experience in Managing Tax Technology tools like Thomson Reuters One Source, VAT Management Solution.

Prior to joining MMJS, Ankur was VAT Senior Manager working with KPMG Lower Gulf Ltd. He has experience of goods and service tax (GST) implementation in Malaysia and India for various industries as well.

He has also conducted various seminars on VAT and is a regular speaker providing insights on VAT at various clients, forums & events in the UAE, KSA, India, Malaysia and Bahrain.

Ankur’s India experience expands to providing advice on Pan India VAT matters which includes advisory, compliance, audit support, litigation support and conducting due – diligence work. He has been working for clients in manufacturing, trading, leasing, oil & gas, confectionery and pharma sectors.

Ankur was a Lead Manager on GST implementation projects in Malaysia for a number of listed and multinational entities, encompassing industries such as manufacturing, trading, retailing, pharma, direct selling, petroleum upstream, agro, entertainment etc.

Qualifications:

  • Chartered Accountant
  • Company Secretary
  • B.Com

FAIZAN BASHAMAKH
SENIOR MANAGER

MMJS CONSULTING

FAIZAN BASHAMAKH

Faizan Bashamakh is a Senior Manager in the tax practice at MMJS and has over 9 years of work experience in the field of indirect tax/VAT.

Faizan has in-depth experience in assisting multiple clients with VAT implementation, health checks, advisory and compliance services in UAE, Bahrain and India.

He also has practical experience in handling FTA audits, reconsideration, technical clarifications, etc. for various clients.

Prior to joining MMJS, Faizan was Group Tax Manager at AW Rostamani Group, UAE where he undertook a full range of tax services for the group across nine jurisdictions, including UAE.

He has also worked with the KPMG tax team in UAE, wherein he has assisted a portfolio of clients, including large family-owned businesses in VAT implementation and various indirect tax advisory services.

In India, Faizan was associated with Deloitte tax team where he supported clients with VAT, service tax and excise tax-related matters, including implementation of Goods and Service Tax (GST)/ VAT in India.

Qualifications:

  • Chartered Accountant
  • Company Secretary
  • B.Com

REBECCA PINTO
SENIOR MANAGER

MMJS CONSULTING

REBECCA PINTO

Rebecca is a Senior Manager with the indirect tax practice at MMJS Consulting. She is a lawyer by qualification and has more than a decade of indirect tax-related experience.

She also providing support to a credible portfolio of clients on VAT advisory, tax compliance support and tax litigation.

She has led new tax law implementation projects in UAE, India, and Oman for various clients spread across the real estate, infrastructure, airline, marine, e-commerce, pharmaceutical, logistics and finance sectors.

She specialises in contract review, ERP implementation and training personnel which bring value to her tax advisory and litigation support.

Rebecca has joined MMJS after extensive experience of working with Ernst & Young, SKP Business Consulting LLP and TTMS LLP in their indirect tax and tax technology practices.

In her past endeavours, she has assisted her ex-organisations in setting up the tax technology division and steering product developments.

She has represented her clients in various audits/assessments as well as supporting them for litigation up to the Tribunal level in India.

She has also been a trainer at the National Academy of Customs, Indirect Taxes & Narcotics in their initiatives to conduct workshops for Indian GST and SVB department officers.

She actively speaks at various platforms of industry and trade associations, webinars and seminars.

Qualifications:

  • L.L.B
  • Bachelor of Commerce

Webinar Facilitator

SAMER MERHI
SENIOR MANAGER - EVENTS AND PARTNERSHIPS

DMCC

SAMER MERHI

Samer Merhi is the Senior Manager - Events and Partnerships at DMCC, the world’s leading Free Zone and Government of Dubai Authority on commodities trade and enterprise.

Joining DMCC in 2012, Samer is responsible for delivering the organisation’s event programme in line with corporate marketing strategy and business objectives.

Technically knowledgeable and professionally qualified, Samer forges strategic relationships with partners around the world to deliver an ever-growing DMCC calendar of events both physical and virtual.

In a career spanning 15 years, Samer has managed some of the region’s largest and high-profile live events and conferences, as well as diplomatic meetings and industry gatherings.


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