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Annual Report_2017-18_FLIPBOOK PRO_07 Sep 2018

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For the very first time in the history of ICAI (Dubai), an<br />

event was conducted at the Indian Consulate, Dubai. The<br />

3rd edition of the popular VAT Clinic was conducted at<br />

the Indian Consulate, and was graced by the presence of<br />

H.E. Shri Vipul, Consul General of India to Dubai.<br />

VAT OPEN WORLD - 16 DEC <strong>2017</strong><br />

H.E. Shri Vipul lauded the efforts of ICAI (Dubai) in making<br />

members and others aware of the new VAT regulations<br />

through its events.<br />

With the release of Executive Regulations on VAT, the UAE<br />

Government cleared a final piece of legislation required<br />

to implement VAT in UAE effective 1 January 20<strong>18</strong>.<br />

Chief Guest, His Excellency Saud Salim Al Mazrouei,<br />

Director of Hamriyah Free Zone and SAIF Zone addressed<br />

members and guests present, and appreciated the work<br />

of ICAI (Dubai) in enlightening its members and people in<br />

the UAE about the VAT laws.<br />

The speakers at the event answered VAT related<br />

questions of members, and addressed industry specific<br />

queries on Real Estate, Free Zones etc. The speakers at<br />

this session were VAT experts, CA. Girish Chand Director-<br />

MCA Management Consultants, CA. Manu Nair-CEO-<br />

Emirates Chartered Accountants Group, CA. Sangeetha<br />

Nahar-Senior Manager- Finance-Dubai Properties Group<br />

and CA. Dilip Jain-VAT Lead, ICAI VAT Faculty. Over 200<br />

ICAI (Dubai) members, NRIs and guests attended this<br />

event.<br />

Speakers Ms. Clare McColl, Head of Indirect Tax and<br />

CA Ankur Jain, Senior Manager – VAT from KPMG<br />

demystified Executive Regulations, by mapping them<br />

to the VAT Law. This was followed by a session by Mr.<br />

Mansoor Sarwar, Director Technical Services & Pre Sales,<br />

Sage Middle East on digitalizing VAT.<br />

Master Abhiraj Gupta, the youngest speaker of 14 years<br />

addressing the audience, conducted a short session on<br />

VAT and Arabic language – which may be a key element<br />

in the VAT regime. A VAT sectoral snapshot was delivered<br />

by CA Pratik Shah-Partner-Dhruva Consultants, and CA<br />

Deepak Agarwal, Director - VAT, PWC discussed “Change<br />

25

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