10 GCC VAT Questions You Need to Know the Answer To

VAT is a priority issue for companies in the GCC as tax authorities have communicated that the VAT introduction deadline will be 2018 – giving companies in the GCC less than one year to prepare for VAT implementation.

Given the fact that VAT stands to impact all areas of business, it’s important to take a careful, considered and thorough approach when designing new systems and processes for managing VAT.

Pierre Arman, the Market Development Lead for Tax & Accounting at Thomson Reuters, answers 10 frequently asked questions about the introduction of VAT in the GCC. Pierre is responsible for the strategy and product management of all Tax & Accounting and Global Trade Management solutions in the MENA region.

Download the FAQs to get the answers.

For more information about VAT in the GCC, please feel free to contact pierre.arman@thomsonreuters.com.