Dubai: An event was held to discuss the impact of the implementation of the Value-added tax (VAT) system among businesses in the region and the appropriate responses that should be taken by them in preparation for its application.
The UAE is the first country in the GCC to announce that it will proceed with the VAT implementation at a rate of five per cent starting January 2018.
The Lebanese Business Council in Dubai and Northern Emirates in Dubai held a seminar covering the introduction of the value-added tax in the GCC, in a tie up with Deloitte Tax practice the Middle East.
