Welcome to the next business breakfast where it will be discussed the amendments to the international tax regimes which are due to come into effect in 2023. During the seminar, the speaker Thomas Vanhee founding partner at Aurifer Middle East Tax Consultancy and Affiliate Professor of Tax Law, will discuss the international tax aspects of these developments and have a look at them from the GCC level.
The background is that most countries around the world have endorsed these amendments, aimed at a taxing profit in the places where economic activities take place and value is created. It is the most comprehensive reform of international tax since the Second World War. With legislation aimed to be issued as from 2022 and the changes to be effective as from 2023, it is important that businesses start looking into the matter. Especially the implementation of a Global Minimum Tax at 15% will heavily impact the UAE. It will effectively completely neutralize the tax benefits of the UAE as a country, and it may lead the UAE to decide to implement corporate income tax at 15%. On a more complex level, it may bring some benefits as well to the UAE.
Speaker: Thomas Vanhee who after a decade of working at tier 1 tax law firms in Brussels and Paris, and after having been seconded with Deloitte in the Gulf, it was time to spread his wings and personally serve the exciting Gulf market. In recent years Thomas has also been heavily involved in tax policy in Europe and the Gulf. Recently, he has been assisting businesses in assessing them with their readiness for the introduction of VAT and helping them with coping with new tax challenges in the Gulf driven by tax reform. In 2017 Mr Vanhee founded Aurifer, an award-winning boutique tax firm established in Dubai and Riyadh, with a representation office in Brussels
Agenda
8:00 Registration and light breakfast
8:30 Presentation by Thomas Vanhee
9:15 Q&A
9:30-10:00 Networking
Date: Wednesday 20th October
Time: 8:00 – 10:00 am
Venue: Media One Hotel, Media City, Dubai, (Meeting room: Instagram)
Price: AED 50 for members of the Nordic Business Councils (Young professionals, Professionals and Corporate Members).
AED 100 for Social Members and Swedish Ladies.
AED 150 for Pre-members.
Prices are including a lighter breakfast.
RSVP before 17th October by emailing: sbc@sbcuae.se. SBCs Professional and Corporate members have priority to the event.
The event will follow the government Covid -19 guidelines.