A workshop on disseminating awareness about VAT will be organsied by the Sharjah Chamber of Commerce and Industry in collaboration with the Federal Tax Authority on August 23rd.

The workshop will be targeting businesses in the Emirate to prepare them for the application of the new Value Added Tax system.

The system includes excise tax, which will be introduced by the end of this year, and VAT which will be introduced early next year.

The workshop aims to ensure that businesses fully understand the new taxes, and that they have enough knowledge to take the necessary measures to comply with the tax laws, said Mohammed Ahmed Amin, Assistant Director General for the Communication and Business Sector at the Sharjah Chamber.

" The Sharjah Chamber will spare no efforts in enhancing the awareness of all businesses about the new tax system, with special emphasis on the private sector retail, export and import companies to help them reach full assimilation of the new rules and regulation," he added.