Tax Transparency and VAT Mitigation and Planning (Arabic Language – AED 400)
Tax Transparency’ (‘TT’) is the term adopted to describe the objective of ensuring that Tax payers business activities are not associated with any arrangements which are known or suspected to be designed for tax evasion.
Tax evasion, and in most countries the deliberate facilitation of tax evasion, is a criminal offence. Entities and especially Banks may be subject to legislation which imposes strict liability where staff or other persons acting for them facilitate tax evasion unless it can be demonstrated that reasonable preventative procedures are in place. Deliberately and dishonestly ‘turning a blind eye’ to evidence of tax evasion is regarded as facilitation.
In this course we will discuss:
– How governments react toward taxpayers’ tax evasion and aggressive tax avoidance
– What is the difference between Tax Planning, Tax Avoidance and Tax Evasion
– How to identify Tax Evasion
– What are the possible Tax Evasion and Tax Avoidance schemes that can happen in the UAE
VAT MITIGATION & PLANNING
We are now live with the VAT rules within the UAE and following on from the success of our introductory VAT courses we recognise that many of our delegates have a need for support and guidance when dealing with VAT in ‘Business As Usual’. To this end we have prepared this course to provide assistance in understanding typical issues that you may encounter in your daily business routines which have tax touch points. Law firms like any other business strive to achieve a successful return on investment on their operating activities. A lot of time and effort is invested in improving results through various means, and VAT mitigation is another effective cost-saving strategy of which law firms and practitioners need to be aware.
Having sufficient knowledge when dealing with the complexities of VAT mitigation is key. Handling matters such as avoidance of negative tax exposure to Cashflow and appropriate exception management will help ensure the operations of a business are not placed in jeopardy due to a significant adverse impact to Cashflow, or the imposing of penalties by the authorities. This course aims to provide delegates with an insight into the detailed processing of VAT and its challenges.
What will be covered?
• VAT Mitigation
-How to maximize benefits of VAT to your cash flow
-How to efficiently use policies and procedures in VAT planning
-How to effectively mitigate VAT impact to your firms
• Challenges of VAT operations
• Technology challenges
• VAT operating Model
• Operational readiness
• Case Study – VAT implementation walkthrough