Value Added Tax is going to be a reality in the GCC countries soon. The GCC VAT framework is expected to be announced shortly and will be followed by each GCC country announcing their respective laws and regulations. Various governments in GCC have announced implementation of VAT from 2018.
In a region which has historically had limited regulatory compliance requirements, introduction of VAT is going to require a sea change in the way businesses operate, primarily due to the significant responsibility that it will place on the business community to record and report VAT collected and paid on a periodic basis.
Our GCC VAT Services Include:
- VAT impact assessment
- Ensuring VAT readiness
- VAT training
- Ongoing VAT compliance support