06 - 07 December, 2017
Abu Dhabi, UAE

Forum Day Two: Thursday, 7 December 2017

 

8:00 am - 8:50 am Registration and morning coffee

8:50 am - 9:00 am Welcome note by IQPC

9:00 am - 10:20 am A detailed assessment of VAT impact on oil and gas services

Nick Giannopoulos - International Indirect Tax Director, Halliburton, UAE
  • Impact of VAT on imported services into the UAE such as leasing of assets, supply of intellectual property and software
  • Impact of VAT on contracts to fabricated tools for customers outside of the UAE
  • Supply chain - The interaction between international commercial terms and VAT
  • Setting up a VAT regional/global function
  • Q&A
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Nick Giannopoulos

International Indirect Tax Director
Halliburton, UAE

10:20 am - 10:50 am Coffee break and networking

10:50 am - 11:30 am VAT – the first 100 days

William Watt - Tax Manager, Baker Hughes - GE, UK
What to expect and the strategies that need to manage and support all parts of the business to be effective for the critical first 100 days after the implementation of VAT.
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William Watt

Tax Manager
Baker Hughes - GE, UK

11:30 am - 12:10 pm 360 degree check to ensure you are VAT-ready!

Bruce Hamilton - Director, Indirect Tax Middle East, Deloitte LLP, UAE
  • A check-list to ensure you are good to go live next month
  • Common pitfalls and ways to overcome them
  • Ensuring all your departments our aligned to the new decree - technically and systems
  • Training staff for the new process

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Bruce Hamilton

Director, Indirect Tax Middle East
Deloitte LLP, UAE

12:10 pm - 12:45 pm Getting ready for VAT in the GCC? Don’t forget about your Transfer Pricing (TP)!

Mohamed Serokh - Tax Partner and Transfer Pricing Leader, PwC, UAE
  • Update on TP in the Middle East region
  • VAT & TP interactions
  • Importance of process design: Year-end TP adjustments
  • Supply chain change impacts
  • Aligning an approach to TP, direct & indirect tax
  • Key takeaways
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Mohamed Serokh

Tax Partner and Transfer Pricing Leader
PwC, UAE

12:45 pm - 2:00 pm Luncheon and prayer break

2:00 pm - 2:30 pm VAT in the UAE: The final countdown

Julie Cunningham - Head of Tax, Emirates Global Aluminium
  • Name of the game: System readiness, governance & compliance
  • Money, money money: Quarter 1 FY 18
  • SOS: Helpful tips industry experience

Julie Cunningham

Head of Tax
Emirates Global Aluminium

2:30 pm - 3:10 pm Latest international tax developments for the energy sector

Jerome van Staden - Tax Partner, KPMG Lower Gulf, UAE
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Jerome van Staden

Tax Partner
KPMG Lower Gulf, UAE

3:10 pm - 3:40 pm ROUND TABLE DISCUSSION | Impact of taxation on specific oil and gas activities

A - VAT treatment of repairs and maintenance on ‘floating production and storage offloading facilities’ where the facilities are located in local, GCC or international waters
B - Transfer of Good between oil and gas companies to third parties and then returned - How will it be affected by VAT?
C - VAT treatment of sub-contracting arrangements (zero-rating or exemption of O&G producers may or may not be extended to upstream and downstream service providers and sub-contractors

3:40 pm - 3:50 pm Closing remarks from event chair

3:50 pm - 3:50 pm End of forum

The published programme is correct at time of printing. However, given the seniority of our speakers and the nature of their roles, speakers may subsequently substitute or remove themselves from the programme. This is always regrettable, and we will always try to replace the speaker with a speaker with equivalent insight.