Most of SMEs lack the basic knowledge of VAT due to which they may not be fully compliant with UAE VAT Law. This book provides a comprehensive coverage of VAT Laws including Federal Decree-Law No. (8) of 2017 on Value Added Tax, Federal Law No. (7) of 2017, GCC VAT Agreement, Public clariﬁcation and Guides issued by FTA in simple language supported with ﬂow charts and comprehensive case studies. The most important points with reference to VAT Compliance are highlighted throughout the book to make it easier for the readers and users of the book to understand the non- compliance issues and resolve accordingly. I am conﬁdent that this book would prove helpful both for professionals and non-professionals in understanding the VAT Laws of UAE and bridging the compliance gap.
Zahid Farooq is an expert consultant and writer having over 14-year experience at senior advisory level in UK. His areas of expertise include taxation, particularly dealing in VAT including implementation, tax compliance and GAAP/IFRS implementation and compliance. Recently joined UAE as Tax expert to serve the region and help the businesses in effective implementation and compliance of VAT. Currently he is working as CEO of Advent Management Consultancies (AMC) and also advising various organizations in GCC region on tax compliance. Zahid also served as corporate advisor, in UK region, including ﬁnancial sector (Lloyds, RBS Metro Bank), automobile and retail sector (Iceland foods plc, Sainsbury's, Londis) to help corporate managers to comply with the local tax laws and international accounting standards. Zahid has related qualiﬁcations – VAT Compliance diploma (ATT-UK), BSc (Hons) in Applied Accounting (UK), MSC Finance (UK) and is active member of Association of Chartered Certiﬁed Accountants (ACCA) UK, Institute of Financial Accountants (IFA) UK and Institute of Public Accountants (IPA) Australia.
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