ITC Accounting and Tax Consultancy hosted a Business Breakfast Event in Abu Dhabi on 21st Feb 2023. The Event presented Key Insights on the New Corporate Tax regime and the Impact of VAT Law in the UAE with progressive five years since 2018. The event brought together industry experts, business leaders, and tax professionals to share their experiences and insights on the changing tax landscape in the region.

The Managing Partner and Tax Partner, Mr. Ahmed Sharafeldin, set the tone for the event by providing valuable insights into the New Corporate Tax regime and its impact on businesses operating in the UAE. Followed by Ms. Nikita Bhandary, Tax Manager highlighted the key amendments in the UAE VAT Law and the implications for businesses, including the need for businesses to update their tax compliance procedures and invest in tax technology. The presentation was well-received by the audience, and it set the stage for subsequent sessions.

The Event featured a highly informative session for the participants and provided in-depth knowledge and practical tips on how businesses can prepare for the impact of VAT and the New Corporate Tax Law. They also discussed the challenges and opportunities that come with new amendments in the law and provided valuable guidance on how businesses can stay compliant while maximizing their tax savings. Concluding to be a great success, the renowned guests were endowed with understanding of the changing tax landscape in the UAE and how it would impact their businesses.