The course covers VAT implications for holding companies and funds, focusing on income streams, VAT recoverability, and recent regulatory changes. It provides strategies for compliance, cost management, and navigating key challenges like licensing and input tax apportionment.
Course Module Overview:
Holding Company Activities:
- Income and expense streams of holding companies.
- VAT recoverability on taxable vs. exempt activities.
- Analysis of key VAT issues, including expense recharge, salary recharge, and support services.
Case Studies:
- Scenarios related to deemed supply, supervisory roles, and protecting subsidiary interests.
- Expense recharges and manpower services versus visa facilitation services.
Key Amendments and Implications:
- Changes to fund management services under VAT regulations.
- Exemptions for licensed funds and their impact on input tax recoverability.
- Transition rules and VAT deregistration considerations.
Transaction Mapping:
- VAT treatment for fund managers and funds, covering local and offshore funds, taxable and zero-rated supplies, and reverse charge mechanisms.
Practical Guidance:
- Input tax apportionment and compliance strategies.
- Addressing VAT costs, licensing requirements, and potential impacts on fund structures.
- Preparing for VAT implications based on updated UAE Executive Regulations.
Learners will understand VAT implications for holding companies and funds, including income streams, VAT recoverability, and regulatory changes. The course covers practical strategies for compliance, transaction mapping, and addressing challenges like licensing and input tax apportionment.
ABOUT THE TRAINER
CA. Gaurav Shivhare
Gaurav Shivhare, a Director in Taxation, brings extensive international tax advisory and compliance experience. Currently with WTS Dhruva Consultants, he has a rich background in tax consultancy, including roles at PwC India and Motilal Oswal Financial Services Ltd. Gaurav, a Chartered Accountant in England & Wales and India, offers a unique perspective on global tax matters, specializing in indirect tax and ongoing pursuit of the Chartered Tax Advisor (CTA) qualification.
