Dubai PR Network, Online Press Release from Dubai and Middle East
 
Government Sector(Government, Legal & Humanity)
Filter PR by
  
Dubai Chamber hosts workshop on VAT compliance in UAE retail sector
 
Dubai Chamber hosts workshop on VAT compliance in UAE retail sector
  • First workshop on VAT compliance organised by the Chamber in cooperation with the UAE’s Federal Tax Authority
  • More than 400 participants attended the event to learn more about VAT implementation and mandatory registration procedures 
Dubai, UAE, August 10, 2017:  The Dubai Chamber of Commerce and Industry on Tuesday organised and hosted a workshop in cooperation with the UAE’s Federal Tax Authority which aimed to familiarise retailers in the country with the forthcoming value-added tax (VAT), as well as mandatory registration procedures associated with the new tax.
 
The workshop, hosted at the Chamber’s premises, was attended by over 400 participants representing various retailers in the UAE. The event is part of the second phase of the joint effort by the Ministry of Finance and the Authority’s tax awareness programme, which aims is to keep the UAE’s business community informed on new tax laws and compliance procedures.
 
H.E. Khalid Ali Al Bustani, Director General of the Federal Tax Authority, said: “This workshop marked the begining of the 2nd phase of the tax awareness campaign launched by the Ministry of Finance and the Federal Tax Authority back in March, which was successful in achieving its objectives of educating retailers in the UAE about tax procedures, businesses' tax obligations, the FTA’s role in the implementation process, and the VAT’s contribution towards a more sustainable and diversified economy.”
 
The FTA’s Director General thanked Dubai Chamber for its support in organising and hosting the workshop, and emphasised the important role that the Chamber plays in keeping businesses in the emirate informed about important regulatory developments. He added that the future workshops would be hosted to raise awareness about the UAE’s new tax system in other economic sectors and help them prepare for VAT before it comes into effect in January 2018.
 
Atiq Juma Nasib, Senior Vice President of Commercial Services at Dubai Chamber said: 'Hosting these types of workshops is a crucial part of raising awareness about the requirements that UAE-based businesses will need to fulfill to prepare for VAT. The highly attended first workshop reflects a maturing private sector that is keen to keep pace with regulatory changes in the country.”
 
Nasib stressed the Chamber’s commitment to supporting the development of business in Dubai, and enhancing the competitiveness of the emirate’s private sector, adding that the organisation plays a critical role as bridge between the public and private sectors.
 
A second workshop on VAT compliance for importers and exporters will be held at the Chamber’s premises on August 22nd, 2017.

Posted by : Dubai PR Network Editorial Team
Viewed 8827 times
PR Category : Government, Legal & Humanity
Posted on : Thursday, August 10, 2017  1:28:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Dubai Land Department Awarded Two ISO Certificates in Qualit...
Next Story : Saudi Arabia halts Commercial and Working Visit Visas for UA...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Reverse the effects of hair fall with Crescina Re-Growth HFSC Shampoo [15146-Views]
Time for Some AIGNER Love [14341-Views]
Achieve whiter teeth at home with Spotlight Teeth White Strips [14286-Views]
Noble™ Anti-aging Skin Care Products [13322-Views]
RUNWAY DUBAI creates a new buzz campaign for fashion tourism [13237-Views]
Golden Bridge Rectangle Diamonds Celebrates The Virtuosity Of Art Deco Design Genius [12889-Views]
Skyline Conducted Women of Substance: A Panel Discussion on Women Empowerment [12603-Views]
UAE National Day celebrated in Skyline Carnival 2017 [12572-Views]
SUC signed MOU with Waldorf Astoria Ras Al Khaimah [12426-Views]
SUC conducted Tour Guide Training Program for SCTDA [12157-Views]
Calvin Klein Presents Steadfast Collection [11139-Views]
Gift gorgeous skin this festive season. [10571-Views]
Mohammed bin Rashid Launches UAE Astronaut Programme [10175-Views]
Mido's Multifort Escape - An uncompromising timepiece for exploring new horizons [10077-Views]
NIVEA MEN and Real Madrid Extend Partnership Globally Covering 70+ Countries [9858-Views]
Sthan, bringing you authentic Frontier food from beyond borders, is now open in Dubai [9784-Views]
Absolutely Rejuvenated Skin to Start the New Year [8888-Views]
Coach Women's Lex Stainless Steel Bracelet Watch Collection [8802-Views]
BOSS watches presents Navigator Collection [8473-Views]
‘Artistry' - Branded Jewellery show at Malabar Gold & Diamonds' outlet in Meena Bazar, Bur... [8455-Views]
Celebrate the Festive Season With the Galleria on Al Maryah Island in Abu Dhabi [7704-Views]
Together for Egyptian Cinema: A Million happy viewers [7558-Views]
Feast your way into the festive season at The Coffee Club [7192-Views]
Bovet Presents Brilliant Is Beautiful Gala Benefitting Artists for Peace and Justice's Gl... [6911-Views]
Svelte BU4108-11H dress watch in black and rose gold plating makes an impact [6594-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories