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German Emirati Joint Council’s VAT Seminar
On 1 February 2018, Ms. Yulia Kasiyanova, Senior Associate at SCHLÜTER GRAF, presented at the German Emirati Joint Council’s VAT seminar on implications of the VAT introduction for businesses located in the “Designated Zones”. Among other things, Ms. Kasiyanova stressed that the implementation of VAT will have a significant cash flow impact on businesses located in the “Designated Zones”, sourcing locally from mainland UAE and re-exporting to foreign countries. Apart from that, many aspects of the VAT implementation remain uncertain, in particular the timeline of VAT refund.
We will keep you updated about the next events as well as the latest news and implementation of VAT through our newsletter. For our latest article on VAT in “Designated Zones” please see our Practical Considerations in this regard. To sign up to our newsletter click here.