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Past event summary

VAT Seminar

About the event

After nearly a full year of VAT implementation in the UAE, many updates and clarifications have been released, which impact a variety of industries and businesses. 

DMCC hosted the ‘Updates on Value Added Tax Seminar’ to learn how updates impact your business, how your systems and processes need to adapt. Attendees also learned how to file the VAT returns in accordance with the regulations of FTA Compliance and get solutions on how to mitigate and avoid VAT risks. 

The seminar also announced the launch of DMCC VAT Clinics, which is a new DMCC initiative for the member companies to help them get reliable VAT related information free of charge.

 

The seminar covered the following topics:

  • Introducing the DMCC VAT Clinics
  • UAE VAT updates, new guides, clarifications and impacted industries
  • Recommended updates to systems and processes
  • How to file the VAT returns in accordance with the regulations of FTA Compliance
  • Understanding the Non Recoverable input VAT
  • Analyzing the VAT framework
  • Critical audit matter (CAM)
  • FTA implementation criteria
  • Audit findings Analysis – What are the risks and compliance responsibilities?
  • Observations and solutions to mitigate and avoid risks

Event details

Where

Almas Conference Centre

When

9:00am - 11:30am, 15 Nov 2018

AGENDA

0830 - 0900

Registration and Breakfast

0900 - 0910

Launch of the DMCC VAT Clinics

Belal Jassoma, Head of Business Development - DMCC

0910 - 0935

UAE VAT: Updates and Lessons Learned
Haytham Bata,
Managing Director - Nuummite Consulting

0935 - 1000

Error Free VAT Returns Filing & Non Recoverable Input Tax
Monika Umraniya,
Assistant Manager Tac Advisory - Excellence Group

1000 - 1020

Networking Break

1020 - 1045

VAT Audit Risk and Compliance Solutions
Manuel Savazzi,
Senior Accounting Manager - SDAC Consulting DMCC

1045 - 1130

Panel Discussion and Q&A

1130

Close of Seminar

SPEAKERS

Haytham Bata, Managing Director - Nuummite Consulting
With over 25 years of experience in corporate finance and accounting, Mr. Bata is a certified UAE TAX AGENT from the Federal Tax Authority, and a certified SOCPA VAT SPECIALIST from the Saudi Arabian General Authority of Zakat and Tax.  He led VAT implementations across some of the largest companies in both countries, and has advised over 100 firms across all industries and sectors.

 

Monika Umraniya, Assistant Manager TAX Advisory – Excellence Group
Qualifications: Chartered Accountant (Institute of Chartered Accountants of India) & Company Secretary (Institute of Company Secretaries of India) and Masters of Commerce

Fields of Experience:

  • Direct & Indirect Taxation (Income tax, VAT, Excise, Custom etc.)
  • Audit & Assurance (Internal audit, external audit, statutory audit for corporates, LLC, partnerships…etc.)
  • Accounting & Bookkeeping (Finalisation of accounts, preparation of different MIS reports as per management requirements)
  • Legal Compliances (Company Law, Labour law, RBI Compliances)
  • Project Finance (Project finance for real estate project, Housing project, TL & Working capital Finance for corporates)

 

Manuel Savazzi, Senior Accounting Manager - SDAC Consulting DMCC
After graduating from Bocconi University Milan in 2004, Manuel began his career in accounting at Deloitte which allowed for accelerated learning and exposure to the operations and accounting intricacies of a variety of small and large businesses in Italy. Qualified CPA by Institute of Chartered Accountants in 2016, throughout his career, he joined BDO with senior roles.  His major areas of expertise are tax, accounting and auditing with practical experience in international financial reporting standards, due diligence, cost controlling and reporting, tax compliance, corporate governance and internationalization processes. He recently joined SDAC CONSULTING DMCC as Senior Accounting Manager. His wide range of accounting experience, including PIE, enables him to provide relevant and timely advice and assistance to entrepreneurs with their internal accounting, periodic reporting, forecasting and ultimately the development and implementation of succession plans. 

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How to find us

Almas Tower