GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Government, Legal and Humanity

 
  Share
  • 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 : GoDubai Editorial Team
Viewed 8833 times
Posted on : Thursday, August 10, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ministry of Climate Change and Environment to Supply 9,500 Tons of Fertilizers to Farmers
Next Story : Saudi Arabia halts Commercial and Working Visit Visas for UAE Muslim residents during Hajj season
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Reverse the effects of hair fall with Crescina Re-Growth HFSC Shampoo
Time for Some AIGNER Love
Achieve whiter teeth at home with Spotlight Teeth White Strips
Noble™ Anti-aging Skin Care Products
RUNWAY DUBAI creates a new buzz campaign for fashion tourism
Golden Bridge Rectangle Diamonds Celebrates The Virtuosity Of Art Deco Design Genius
Skyline Conducted Women of Substance: A Panel Discussion on Women Empowerment
UAE National Day celebrated in Skyline Carnival 2017
SUC signed MOU with Waldorf Astoria Ras Al Khaimah
SUC conducted Tour Guide Training Program for SCTDA
Calvin Klein Presents Steadfast Collection
Gift gorgeous skin this festive season.
Mohammed bin Rashid Launches UAE Astronaut Programme
Mido's Multifort Escape - An uncompromising timepiece for exploring new horizons
NIVEA MEN and Real Madrid Extend Partnership Globally Covering 70+ Countries
Sthan, bringing you authentic Frontier food from beyond borders, is now open in Dubai
Absolutely Rejuvenated Skin to Start the New Year
Coach Women's Lex Stainless Steel Bracelet Watch Collection
BOSS watches presents Navigator Collection
‘Artistry' - Branded Jewellery show at Malabar Gold & Diamonds' outlet in Meena ...
Celebrate the Festive Season With the Galleria on Al Maryah Island in Abu Dhabi
Together for Egyptian Cinema: A Million happy viewers
Feast your way into the festive season at The Coffee Club
Bovet Presents Brilliant Is Beautiful Gala Benefitting Artists for Peace and Ju...
Svelte BU4108-11H dress watch in black and rose gold plating makes an impact
Glamazle.com names a Lipstick after Yardstick Marketing as a testimonial to the ...
Hottest Smartphone ever! Go get a true luxury phone from HUAWEI
Lg V30+ Launches in the Uae and Makes Its Way Into Customers' Pockets and Lives
The First “Dilmah Silver Jubilee Gourmet” in a Middle East Hotel Opens in Pullma...
Over 200 developers across India participate in CREDAI's Indian Property Show
Step into 2018 with skinade & slow down the signs of ageing
Unilever's Lipton Jebel Ali Tea Factory First in MENA to Achieve Bronze World Cl...
With the Increasing Trend of Grooming Among Men, Kaya Skin Clinic Launches an Ex...
Ghantoot present 17th Emirates Open Polo Championship International
Epson to showcases the future of large laser display technology at InfoComm MEA 2017
Automechanika Riyadh turns focus on exciting growth potential of Saudi automotiv...
Win 3000 Dollars with Splash
Switzerland wins a Good Design Award for the first chronograph-watch in history
The Verses of Peace Exhibition begins at the Abu Dhabi World Trade Centre
Saxo Bank 2018 Outrageous Predictions: 2018 will be a true roller coaster ride c...
SUC Conducted the 10th CEO Lecture Series
Green Hope on Former US Vice President Al Gore's 24 Hours of Climate Reality telecast
The du Youth Council Holds a Volunteering Day at Al Ain Zoo with People of Deter...
Indian realty in revival mode, says industry expert
DIFF Welcomes Robert Bosch Stiftung to the Festival's 14th Edition
Cybercriminals Switching to Impersonation Attacks to Bypass Email Security Systems
Al Tayer Motors Celebrates 100 Years of Ford Pick-up Trucks
Strong Airline Profitability Continues in 2018
Dubai Diabetes Centre recognised by International Diabetes Federation
Dubai Investments records 36% increase in DIP sub-leasing contracts in first 9 m...