Virtual Webinar_ #13-2021- 'VAT FRAUD'

A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The amount of VAT that the user pays is on the cost of the product, less any of the costs of materials used in the product that have already been taxed.

Tens of billions of US dollars are lost every year to Value Added Tax fraud, negatively affecting economies worldwide. Oman, like other sister GCC countries, has opted to implement VAT in order to support infrastructural developments in line with Oman 2040 Vision. However, with the new introduction of VAT comes the challenges of VAT Fraud. ISACA is cordially inviting you to attend Free Online Webinar in VAT Fraud to learn more about:
• Types of VAT Frauds and why you should be aware of them
• MTIC/ Carousal Frauds and why they are very dangerous
• How you can be involved in the VAT fraud without knowing
• Consequences and penalties for involving in VAT Fraud

Speaker - Mr. Salim Al Mushaifri
Mr Salim is an experienced and skilled Banker who had substantial experience of over 17 years in fighting financial crime in the Banking Sector. Over the years, he worked in a number of Banks in Oman and currently holds the position of Head of Anti-Fraud Unit in BankDhofar.