Saud Salim Al Mazrouei inaugurates inaugurates VAT Open World Seminar
Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority (HFZA) inaugurates a technical seminar organized by the Institute of Chartered Accountants of India UAE (Dubai) in December 2017. Titled ‘VAT Open World’, the event, held at the Emirates Institute for Banking and Financial Studies, Academic City, saw tax experts sharing valuable information about VAT [valued-added tax], its implications on business and the challenges in its implementation in the UAE.
The technical seminar came about as with the release of Executive Regulations on VAT, the UAE Government had cleared a final piece of legislation required to implement VAT in UAE with effect from Jan 1, 2018. The ‘VAT Open World’ agenda featured tax experts and advisors, and business leaders, who shared best practices on how they would look at managing the implementation and compliance challenges of these new tax rules across business segments.