Are you ready for the VAT law amendments which will take effect on 1 January 2023?
On 28th October, the FTA announced major changes to the VAT law which will affect many small businesses in the UAE. In this webinar we go over the major changes in the VAT law which will require immediate attention.
About this event
VAT was first introduced in the UAE back in 2018 and its rate has remained at 5%. Since its inception, many businesses have adopted the rules and complied with them. However, as the way of doing business changes, so does the way tax is calculated and collected. The FTA updating its rules is a clear sign that the UAE is maturing as a global economy and keeping up with pace.
In this webinar we will go over the major VAT updates which affect UAE small businesses to ensure they become compliant. We will also highlight the key risk areas for small businesses.
What will I Learn?
- Outline of the new rules being amended
- Key points to look out for when complying
- Review of the changes in the VAT law and the Executive regulations
- Deadlines and due dates
- Effective measures on how to comply with the rules
About the Speakers
Rayhan Aleem (Founder and Managing Partner, Alpha Pro Partners)
Rayhan is the Founder and Managing Partner of Alpha Pro Partners. He has previously managed finance departments of several large Hedge Funds and Investment Funds in the City of London and is passionate about accounting and automation for small and medium sized businesses. In his free time, Rayhan enjoys playing football and keeping fit.
Demi Dreo (Tax Consultant, Alpha Pro Partners)
Demi is the Tax Consultant at Alpha Pro Partners. She has extensive experience in working with small businesses in the areas of Accounting, Tax and Financial Reporting. She has a Bachelor's Degree in Accounting and is also a CPA.