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 7131 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
New Must-Have Beauty Products from GOSH this October
Four UAE Designers Take Home LG Signage Design Award
Huawei unveils the long-awaited HUAWEI Mate 10 and HUAWEI Mate 10 Pro
LPG Endermologie Offers A Chronobiological Slimming Gel
Level Shoes Hosts Christian Louboutin for “Dear India”
ICONIC Youth Fashion Show Experience
Glamazle.com introduces Super Matte ‘Glambry' lip tints for the perfect pout
Diamonds Are Everyone's Best Friend! VOD Dubai International Jewellery Show 2017...
The Graham Chronofighter Vintage GMT is the tough guys' ticket to time travel
SCTDA ‘My Destination' Program Kicked Off with SUC Students
The Rado True Shadow - Limited edition timepiece co-created with Japanese design...
Beauty Night Is Back at Sheraton Dubai Creek
The Lacoste 12.12 Kids Collection
Reinventing Raymond Weil's Emblematic Chronograph - The Refined Swiss Watchmakin...
Moving on Up! Saudi Arabia to Underline Status as Regional Food Manufacturing Fo...
MICHAEL Michael Kors: Fall 2017 Sadie Large Leather Satchel
PUMA X Photographer Gunner Stahl For Autumn/Winter 2017
Dubai Chamber concludes high-level trade mission to Malta
GUESS Launches Stunning Array of Collections for Fall17
Coffee at the touch of a button with ‘Quespresso'
Introducing FitFuse by COÉGA Sunwear
Ali & Sons Audi unveils all new Q5 and SQ5 in Abu Dhabi and Al Ain
Regional Storytelling Takes Centre Stage at DIFF With Muhr Feature Category
Renault KOLEOS achieves five-star Euro NCAP rating
Humaid Mohammed Al Qatami, Director General, Dubai Health Authority Officially O...
Versace Fall/Winter 2017 Collection
Maserati Merchandise Products
More café re-opens its doors
CNN's Marketplace Middle East uncovers the DIFC's central role in Dubai's econom...
‘brands4u', the biggest factory outlet opens in Reef Mall, Dubai
Career of Egyptian Writer Wahid Hamed to Be Honoured With Arab Lifetime Achievem...
Glambox.me - Get Glam On The Go
Airbus and Bombardier Announce C Series Partnership
RAYMOND WEIL'S Freelancer Ladies - The Ideal Ally for the Modern Active Woman
The Dubai Mall celebrates Diwali with a splash of colour
Plentiful Cinema-based Activities Offered by SICFF 2017
Seagal Shows Off the Stunning Jules Verne Instrument II from Louis Moinet.
Peugeot on the Podium at Rallye Du Maroc: Ready to Tackle Dakar 2018 After a Pro...
Partnership between Roger Dubuis and Emirates Airline Foundation
Christmas just got easier with Al-Futtaim ACE
Celebrate festival of light at home with your loved ones
Kalimat Group Brings Arabic Literature to the Fore at Frankfurt Book Fair
Airline New Distribution Capability to Get Boost from ATPCO and SITA
Breast Cancer and Fertility preservation
British Security Industry Association zooms in on Mid East's US$4.8 billion comm...
Dubai Health Authority receives Canadian delegation at Dubai Future Accelerators.
Robinsons Launches the Hall of Fashion and Accessories
Trend Alert: Think Pink
Jafza named best free zone in the world for large companies
Dari Home opens in The Dubai Mall