Page 48 - AGM Report 2024
P. 48

ANNUALREPORT 2023|24








                      Accounting, Taxation and Sustainability Summit - 29  July 2023
                                                                                      th

       With  an  intent  to  explore  the  also discussed some critical areas of  CA  Rishi  Aggarwal-  Partner  from
       transformative   phenomenon     of   with  the  introduction  of  taxes  in  UAE  Premier  Brains.  The  panel  discussion
       tax  accounting  based  on  IFRS  and  such as  how accounting provisions  was moderated by our past chairman
       Environmental, Social and Governance  would be dealt with for tax purposes,  CA  Abbas  Ali  Mirza,  who is  also  an
       (ESG)  in  the  UAE,  ICAI  Dubai  Chapter  impact  of  pillar  2  in  the  UAE  once  Author  of  15  books  on  IFRS  and
       decided  to organzie  the  Accounting,  enacted, tax base to be used for assets  Chairman of the 21st session of ISAR/
       Taxation  and  Sustainability  summit.  and liabilities and so on.       UNCTAD at UN.
       As  we  all  know,  UAE  is  an  attractive
       market for investment and businesses,  Our  next  guest  speaker  Mr.  Kabir
       there is also a need for more and more  Dhawan, Partner- Business Consulting
       transparency   and   standardization.  with  Grant  Thornton  UAE  spoke  on
       Thus IFRS and ESG play a vital role in  strategies for Sustainibility. He stated
       enhancing  such  trasparency.  To  talk  that  it  was  important  in  order  to
       on  the  same  the  committee  brough  assess  an  organization’s  business
       in  eminent  speakers  from  the  sector  practices and performance on various
       along  with  a panel  discussion  to  ethical  and  sustainability  issues.  He
       provide  some  varied  insights  on  the  mentioned  that  in  the  UAE  all  PJSCs
       topic.                               was  mandated  by  Securities  and
                                            Commodities  Authority  to  submit  an
       Our  guest  speaker  Mr.  Basel  Arafe-  annual  sustainability  report.  Further,
       Partner  with  UAE  Business  tax  at  PJSCs  are  required  to  comply  with
       Deloitte & Touche (M.E) LLP spoke on  Global  Reporting  Initiative  standards
       IAS 12- Tax accounting in IFRS. He took  and  related  guidelines  by DFM  and
       the  members through the  provisions  ADX.
       of  IAS  12  along  with  its  significance
       in  UAE  due  to  the  introduction  of  the  The  event  also  included  a  panel
       recent  UAE  Corporate  tax.  Mr.  Arafe  discussion with all speakers, including





































       48   www.icaidubai.org
   43   44   45   46   47   48   49   50   51   52   53