Get Your Business Ready For VAT Implementation
In relation to the upcoming VAT implementation in UAE on January 1, 2018, First BIT is arranging a free seminar session to ensure that businesses identify the key VAT touch points, even before the legislation is issued and provide the organization-wide readiness roadmap to be followed by businesses in order to have smooth implementation of VAT.
The introduction of VAT has a great impact on nearly every UAE business. Businesses in the UAE now have less than 12 months to build out the VAT capability, review their broader operations and carefully build a roadmap to ensure that the business is VAT ready, including people, processes, controls and technology.
This upcoming seminar will give an insight into tax policy changes and the influence of VAT implementation on business processes, commercial documentation and financial accounts.
The seminar will uncover all aspects of VAT influence on procurement and production, sales and marketing, IT systems, finance and legislation. Particular attention will be paid to rearrangement of long-term contracts that go beyond January 1st, 2018 and discussing the VAT-related clauses that must be included into such contracts.
The VAT Implementation seminar is going to be held on December 19, 2016 from 10:00 AM to 12:00 PM in Media Rotana Hotel, Dubai, UAE. Admission is free for all visitors.