The UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, has stated that the UAE will implement VAT at the rate of 5% on 1 January 2018. This 4 hour course will enable you to understand:
The course will explain the common VAT framework which will form the basis for the introduction of a national VAT system by each Member State. There are a number of challenges that still need to be addressed before VAT is introduced. This course aims to provide an understanding of VAT and its application within the legal industry. The course will also provide case studies on VAT collection and focus on impact to the legal industry covering contract VAT clauses and where the liability of collection and settlement with the tax authority resides.