Female Fusion VAT panel brings all the lastest UAE Tax information to female business owners
The Female Fusion VAT panel, held 28 August 2017 gathered together around 60 female business owners to deliver the latest information on UAE VAT.
Tthe very first session in this panel series addressed questions on VAT emailed in by female business owners. VAT will be implemented in the UAE on 1 January 2018, with online VAT registration opening mid-September.
The panel was held at the brand new premises of innovation centre In5 in Knowledge Village, and the event kicked off with a presentation by The Counting House Founder, Lisa Martin, who said that it is assumed that the UAE VAT laws will follow a similar structure to the UK's VAT laws.
Her presentation was followed by a panel of experts discussing the legal, financial and regulatory aspects of the upcoming VAT laws.
Panellists for the event were Lisa Martin, Simran Samtani, Co-Founder & Senior Partner with Xcel Accounting, Bianca Gracias, General Counsel, Suits Advisors, and Shannon Rogers, Associate, Bird & Bird. The event was moderated by CPI Financial's own Jessica Combes, Editor of FinanceME, a publication covering all issues pertaining to SMEs.
The panellists addressed questions that had been submitted by attendees via the online registration form and then the floor was opened to further questions. One of the most interesting and complex questions was "Does the VAT exemption on medicines also extend to veterinary medicines?", a question by Hilke Meyer-Reumann, Owner and Founder of Energetic Panacea vets on Al Wasl Road.
As yet, more complex details of the UAE VAT law remain unclear, however, further information, that may address questions such as this, is expected over the next few weeks.
Any female business owners who would like to be informed of future events are welcome to join the Female Fusion Facebook group.