Sharjah chamber conducts VAT workshop

Abu Dhabi: The Sharjah Chamber of Commerce & Industry (SCCI), in cooperation with the Federal Tax Authority, organised an awareness workshop on new developments in the tax system in the UAE, mechanisms for applying value-added tax (VAT), procedures for registering at the Federal Tax Authority, and the entailed commitments, auditing and paperwork for importers and exporters.

The workshop, which was hosted at SCCI premises on Wednesday saw a wide participation by representatives of the business community and retail, import, and export companies operating in Sharjah.

The UAE will be introducing VAT from January 1 next year.