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Global Minimum Tax Neutralizes Tax Advantages of the UAE

  • 29 November 2021
  • 14:00 - 15:00
  • Zoom

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The Canadian Business Council (CBC) Abu Dhabi in collaboration with Aurifer is organizing an informative webinar on Global Minimum Tax Neutralizes Tax Advantages of the UAE.

The grand majority of countries around the world have endorsed amendments to the international tax regimes, aimed at a taxing profits 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.

During the seminar, we will discuss the international tax aspects of these developments, and have a look at them from the GCC level.

This event is participated by:

  • AmCham Abu Dhabi
  • BENELUX Business Council
  • Canadian Business Council Dubai and NE
  • Philippine Business Council Abu Dhabi
  • Pakistan Business Professional Council

      Speaker:

      Thomas Vanhee founded Aurifer, a boutique tax firm established in Dubai. 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. He has been involved in several high-profile deals and have worked for blue chip and quoted companies and institutions in various sectors. 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 their readiness for the introduction of VAT on 1 January 2018. He is also teaching VAT at Paris Sorbonne Abu Dhabi in the first tax LL.M of its kind in the Gulf. He also joined his former university (Solvay Brussels School of Economics and Management) to teach an introductory course on tax law to master students.

      Registration:

      Complimentary for CBC members and non-CBC members

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