VAT Compliance updates for E-Commerce and Online Businesses based in the UAE
In these uncertain times, managing cashflow and liquidity in a changing environment is paramount for businesses seeking to survive and strive
About this event
Despite the fact that the e-commerce industry has grown dramatically over the last decade, businesses in this sector must now address the VAT implications of their transactions as per the the implementation of VAT in the UAE.
In this webinar, we'll go over the requirements for e-commerce and online businesses to become compliant with the FTA (Federal Tax Authority) guidelines from the authority.
What will I learn
- What is VAT?
- Application of VAT to e-commerce and online business
- VAT treatment on physical and digital goods
- VAT considerations for imports
- VAT treatment on cross border sales
- Compliance requirements
- Possible issues in non-compliance with the guidelines
- Potential Penalties for Non-compliance
Bestfolio is an independent professional services firm established by a group of professionals with long diversified experiences in Tax, Accounting, and Financial professional services headquartered in Dubai, UAE.Bestfolio has a significant number of clients in various industries across the Middle East and is rapidly expanding to build a highly experienced professional network.
About the Speakers
Ahmed AlSwaiti, CPA, MA, VAT Dip. (Partner, Bestfolio)
Ahmed is a Tax Partner and Director at Bestfolio with more than 11 years of tax experience across the Middle East, including VAT implementation experience in the UAE, Qatar and KSA, as well as his experience in corporate tax, international Tax and accounting with a number of multinational companies across the region.
Yazan Murad, MSc, VAT Dip. (Partner, Bestfolio)
Yazan is a Tax Partner and Director at Bestfolio with more than 11 years of tax experience including UAE VAT implementation experience, corporate income tax, personal income tax, FATCA and CRS for a number of multinational companies in the region. Yazan was part of the team who were involved in drafting the UAE VAT Law and the GCC Framework Agreement.
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.