Super General Company and General Enterprises Company (GECO), part of Albatha Retail & Home Products Group, successfully organized a seminar aimed towards increasing awareness on the coming implementation of Value Added Tax (VAT) in the UAE at the Le Meridien Hotel. The event, which was attended by over 200 representatives of 90 SME dealers from the two companies, was held under the theme, ‘Everything you need to know about VAT.’
The one-day seminar helped in creating a better understanding of VAT in terms of how companies can prepare for its implementation and how they can roll it out across their operations. The event, which was facilitated by Ahmed Hasan, Finance Controller-Tax & Compliance, Albatha Holding, focused towards educating the attendees about VAT–its registration process, invoicing and accounting procedures.
“As a group, we have prepared ourselves for VAT implementation. However, we realized that our trade partners needed help in understanding VAT and support in getting prepared for its implementation,” said Hakimuddin Kurban Husein (Hakim Sarpanch), Managing Director, Albatha Retail & Home Products Group. “This initiative is aimed at familiarizing the participants with all things related to VAT–its registration procedure and implementation process associated with the new tax and its potential impact on the UAE business community. This effort falls in line with our Group’s values and our commitment in supporting our trade partners while ensuring compliance with all UAE regulations.”
Albatha Retail & Home Products Group compromises of; Ecity, GECO, GECO Smart Life Solutions & Super General. It is part of the reputable Albatha Holding, a Shariah-compliant organization that comprises of over 25 companies with over 7,000 employees spread across seven industry sectors i.e. automotive, consumer, engineering, home products, real estate, healthcare, household and personal care. Albatha has marked a strong presence in the Middle East and North Africa (MENA) region through a distribution network that expands from the Indian sub-continent to Europe. Albatha represents over 200 international corporations serving them with their business and branding needs in the most effective and professional manner.