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DUBAI / WAM
The Dubai Free Zones Council and the Federal Tax Authority have organised an informative workshop on Value-Added Tax (VAT) that will be implemented in the UAE starting from 2018.
The event drew the participation of more than 70 representatives of companies operating across Dubai’s various free zones.
With the aim of helping free zone entities fulfil their tax obligations, the workshop provided a comprehensive overview of the VAT and
related mechanisms, the implementation timeline, products and services it will cover, as well as tax-
exempt sectors.
The session clarified the impact of the new tax law on activities such as bookkeeping as well as in the preparation of invoices and other financial documents.
Dr Mohammed Alzarooni, Secretary-General of the Dubai Free Zones Council, emphasised the
importance of the workshop for
enabling entities operating in the free zones to prepare for full
compliance with the new tax
legislation.