Fujairah National Group in association with ( PWC ) Audit and Assurance Consulting and Tax Services has organized Value Added Tax (VAT) workshop on Wednesday 2nd of Aug. 2017 in Siji hotel – Fujairah. The workshops aimed to keep the UAE’s business community informed on new tax laws, to familiarize with the concept of VAT, the registration and implementation process associated with the new tax, and its potential impact on the UAE’s business community. The new law comes after the UAE, represented by the Ministry of Finance, ratified the Common Value Added Tax (VAT) Agreement of the States of the Gulf Cooperation Council and the Common Excise Tax Agreement of the States of the Gulf Cooperation Council, following Federal Decrees No. 31 and 32 of 2017, issued by President His Highness Sheikh Khalifa Bin Zayed Al Nahyan. It is a follow up step from Federal Decree-Law No. 13 of 2016 on the establishment of the Federal Tax Authority (FTA) tasked with executing tax laws in the UAE.
Value Added Tax (VAT) workshop