Seaways – May 2018

Read Seaways online at http://www.nautinst.org/seaways May 2018 |  Seaways  |   31

 The Nautical Institute UAE Branch organised

a presentation on the new VAT regime, which

was introduced at the beginning of the year.

This is the first legislation of its kind in the

country, and is something of a hot topic in the

country.

Our speaker, Heinrich Kollisch, from law firm

Meyer-Reumann and Partners, explained the

implementation of the new system, with a focus

on cross-border transactions.

Some of the highlights of his presentation

were:

l Implementation procedures on goods and

services

l Tax disputes – general

l Tax disputes – steps of escalation

l Tax audit

l Tax assessment and penalty assessment

l Challenges against decisions.

The audience took a keen interest in the

presentation and fired several questions at the

speaker during the Q&A session, all of which

were very well answered.

This presentation was preceded by a talk

given by Institute CEO Captain John Lloyd. With

the aid of an interesting video, John explained

the various projects being undertaken by the

Institute and stressed the substantial benefits of

becoming a Member of the Institute.

UAE BRANCH

CEO visit and VAT regime

Branch activities

PAKISTAN BRANCH

 It was an honour for the Pakistan Branch

to welcome NI CEO Captain John Lloyd for

a visit from 13 to 15 March. Highlights of his

busy schedule included visits to:

l The Pakistan Branch, where John was able

to meet members, and many topics were

discussed during a very lively interactive

session.

l Karachi Port Trust (KPT), meeting Rear

Admiral Jamil Akhtar (Chairman KPT) and

Rear Admiral Asif Hameed AFNI (General

Manager (Operation).

l Pakistan Mercantile Marine Department.

l The Maritime Training Institute (MTI) – a

leading professional maritime training

institute.

l National Centre for Maritime Policy

Research at Bahria University, Karachi.

John gave a presentation on continuing

professional development (CPD) to more

than 100 participants, including lecturers

and professors, naval personnel, merchant

navy officers, Nautical Institute members,

government officials and students.

Chairman Captain Adil D Moos FNI gave

a vote of thanks to Captain John Lloyd and

Heinrich Kollisch. He invited John to present a

token of appreciation to the speaker on behalf

of the UAE Branch and all guests present.

The evening was rounded off with a cocktail

reception and dinner, which had been kindly

sponsored by Messrs Meyer-Reumann and

Partners.

Zarir Irani AFNI

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