08:30 | REGISTRATION AND NETWORKING |
09:00 | WELCOME REMARKS
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Lindsay Degouve De Nuncques, Head of ACCA – Middle East
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09:05 | DRIVING ECONOMIC VALUE WITH THE IMPLEMENTATION OF VAT
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Ahmad Darwish, Vice Chairman and CEO of Dubai Office, Accountants and Auditors Association
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09:15 | VALUE ADDED TAX IN THE UNITED ARAB EMIRATES |
At the time of the event, there will be less than eight weeks to go before the implementation date. During this session, we will aim to highlight any development, discuss the framework (should this have been launched), and share a ‘where are we now’ update on VAT in the UAE which sets the tone for the remainder of the event.
Chas Roy-Chowdhury, Head of Taxation, ACCA
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09:45 | VAT: OVERVIEW OF INDUSTRY IMPACT |
We already have an insight into VAT and the key considerations that need to be taken into account now. But how does it really impact industries? What does the introduction mean for particular sectors? Given the importance of VAT, this session will look at the impact to industries and free zones - providing a real technical viewpoint on key considerations into the latter stages of the VAT implementation phase.
Sana Azam, VAT Director, EY
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10:15 | THE IMPACT OF VAT COMPLIANCE ON BUSINESS |
Ascertaining the impact VAT will have on a business and the changes required is an essential step in any VAT implementation process. Once understood, an effective VAT compliance and management plan can be developed and put into action – given we would be less than eight weeks from implementation, this session would be timely. Our research suggests that while there is awareness that VAT will have a broad impact, only 11% of respondents understand the impact that VAT implementation will have on their business. This session will highlight the impact of VAT and how businesses can prepare. During the course of the session, the case for technology in relation to ongoing management will be highlighted further.
Pierre Arman, Market Development Lead for Tax and Accounting, MENA, Thomson Reuters
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11:00 | PANEL SESSION: INDUSTRY PERSPECTIVES ON THE VAT LANDSCAPE IN THE UAE AND GCC |
Ascertaining the impact VAT will have on a business and the changes required is an essential step in any VAT implementation process. Once understood, an effective VAT compliance and management plan can be developed and put into action – given we would be less than eight weeks from implementation, this session would be timely. Our research suggests that while there is awareness that VAT will have a broad impact, only 11% of respondents understand the impact that VAT implementation will have on their business. This session will highlight the impact of VAT and how businesses can prepare. During the course of the session, the case for technology in relation to ongoing management will be highlighted further.
Moderated by Arif Mirza, Regional Head of Policy MENASA, ACCA
Chas Roy-Chowdhury, Head of Taxation, ACCA
Pierre Arman, Market Development Lead for Tax and Accounting, MENA, Thomson Reuters
Ashfaque Patel, General Manager of Tax, Al Futtaim Group
Robert F.J. van der Klauw, Regional CFO, Middle East & Africa, MetLife
Ahmad Darwish, Vice Chairman and CEO of Dubai Office, AAA
Jignesh Sanghvi, CFO, DMCC
Thomas Vanhee, Partner, Aurifer
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12:00 | CLOSING REMARKS |
Lindsay Degouve De Nuncques, Head of ACCA – Middle East
*These sessions may be subject to minor change
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