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Past event summary

VAT Seminar – Commodities Sector

About the event

UAE has released the VAT Law (Federal Decree-Law No. (8) of 2017 on Value Added Tax) and recently released Executive Regulations (Cabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal Decree-Law No (8) of 2017 on Value Added Tax). VAT is proposed to be implemented from 1st January 2018. As a company licensed in DMCC, you may be interested in understanding the impact of the same on your business.                   

DMCC Free Zone presented a VAT awareness session exclusively organised for DMCC member companies from the commodities sector. This session was facilitated by KPMG with advisors who have significant experience in VAT systems globally and regionally.

Event details

Where

The Ritz Carlton, JBR, Dubai

When

2:00 pm - 4:00 pm, 13 Dec 2017

Registration starts at 1:30 pm

  • slide
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Additional Information

Agenda

1330 - 1400

Registration

1400 - 1600

  • An overview of VAT
  • VAT technical areas - Discussion on the concept of VAT including time of supply, place of supply, VAT recovery, general mechanism of VAT
  • How VAT will impact commodities trading companies, diamond traders/jewellers as well as service companies
  • Transitional provisions
  • Q&A

Speakers

Ankur Jain – VAT Senior Manager, KPMG in the UAE

Clare McColl – Indirect Tax Partner, KPMG in the UAE