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Workshop on managing your systems and break-out sessions - September 12, 2017

8:30 AM - 9:00 AM Registration and welcome refreshments

Session one

9:00 AM - 10:30 AM Managing your system impacts to achieve compliance

Your business’s enterprise systems will need to be enhanced and modified to incorporate all aspects of VAT implementation. From your point, it would be sale terminals, invoice and accounting systems, information technology systems and management reporting systems. This dedicated workshop will delve into the systems needed to meet VAT requirements in an efficient and cost-effective way

10:30 AM - 11:00 AM Networking break

Session two

11:00 AM - 12:00 PM What you will achieve by attending this workshop

  • Understand how to save time and reduce costs of compliance through efficient systems
  • Identify how to train current staff on VAT systems effectively
  • Manage VAT relevant data capture and reporting /record keeping
  • Greater quality of VAT related data and filing
  • Vendor management: Review of operating disbursements, fraud and forensic checks
  • Reporting and optimisation: Optimising cash flow through effective management of supplier payments and accruals
  • Understand how to overcome any challenges once the systems have been implemented

12:00 PM - 1:00 PM Lunch and networking

Sector-specific VAT streams

1:00 PM - 1:30 PM VAT is coming but how will it affect YOUR business: Sector-specific VAT streams (Select the stream most relevant to you)

VAT is inevitable in the UAE and will impact all businesses within the GCC. Whilst VAT may bring some similar challenges, each businesses sector will have its unique set of complexities. Attend our dedicated sector-specific workshops to understand how to efficiently prepare your business for VAT.
The VAT workshop streams will give delegates the opportunity to join one of the following focused discussion workshops. Delegates will have time to interact with field experts on select topics in an environment that will promote critical thinking on the most relevant issues in each perspective session.


Sector-specific VAT streams

Stream one: Building with VAT in mind: VAT in development and construction

1:00 PM - 3:30 PM

Clare McColl, Indirect Tax Partner, KPMG Rob Dalla Costa, Director, VAT Leader, KPMG
The development and construction sector is of huge importance to the GCC as a whole. It supports large numbers of livelihoods as well as delivering the necessary infrastructure that are essential to the continued development of the region.
The scale of many businesses operating in the sector, and the cost and revenue that they manage, by nature create an environment of risk associated with poorly understood or managed VAT obligations.
This session will address the following challenges and provide effective strategies to overcome the challenge of VAT within the
following areas:
  • Purchase of land
  • Development of sites
  • Sale of completed properties
  • Sales, lease and management of developed properties
  • Commercial
  • Residential
  • Mixed use properties

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Clare McColl

Indirect Tax Partner
KPMG
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Rob Dalla Costa

Director, VAT Leader
KPMG

Stream two: VAT in financial services and banking

1:00 PM - 3:30 PM

David Stevens, VAT Implementation Partner, Ernst & Young (EY)
With the introduction of VAT, financial services and insurance businesses are amongst the most complex businesses. There are multiple challenges all of which are practical issues.
This session will address the main challenges encountered by financial and insurance companies and demonstrate strategies and technologies to overcome these challenges in a cost effective and compliant manner.
This session will help you to:
  • Recognise the challenges and practical issues that arise from the financial and insurance sector and how to overcome these problems
  • Manage margin-based transactions
  • Address challenges of VAT exception on the financial services

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David Stevens

VAT Implementation Partner
Ernst & Young (EY)

Stream three: VAT in oil and gas

1:00 PM - 3:30 PM

Nick Giannopoulos, Director, Indirect Tax, PwC
The oil and gas sector is one of the biggest sectors in the industry. Some or all parts of the supply chain could be zero-rated for VAT purposes notably in relation to exploration and production activities. Zero-rate means that VAT will be charged at zero per cent on the provision of such supplies and VAT incurred in relation to making these supplies can be reclaimed in full.
This session will address the following challenges and provide effective strategies to overcome the challenge of VAT within the following areas:
  • VAT impact on petroleum upstream activities
  • VAT impact on petroleum downstream activities &
  • VAT implementation and post implementation considerations

Nick Giannopoulos

Director, Indirect Tax
PwC

Stream four: VAT in retail, hospitality, travel and tourism

1:00 PM - 3:30 PM

Bruce Hamilton, Director, Indirect Tax, Middle East, Deloitte
Given the complexities inherent across the retail, hospitality, travel and tourism sectors in the Gulf region, they could well prove to be one of the more challenging areas in terms of addressing the impact of VAT.
  • Recognise the challenges that arise from the retail, hospitality, tourism and travel sector and how to over come these
  • Debate who bears the cost of VAT and manage cash flow issues
  • Outline scenarios which can occur and possible responses in order to give a fuller flavour of the changes expected

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Bruce Hamilton

Director, Indirect Tax, Middle East
Deloitte

3:30 PM - 3:30 PM End of workshop day

The published programme is correct at time of printing. However, given the seniority of our speakers and the nature of their roles, speakers may subsequently substitute or remove themselves from the programme. This is always regrettable, and we will always try to replace the speaker with a speaker with equivalent insight. For the most up-to-date programme, please visit the event website.