The introduction of Value-Added Tax (VAT) is a paradigm shift for countries and companies based in the Gulf Cooperation Council (GCC). As countries across this region go live, companies have very little time to prepare for a new tax system that impacts every stage of an organization’s supply chain.
Pierre Arman, Market Development Lead for Tax & Accounting at Thomson Reuters, Asia & Emerging Markets, answers the 10 most common questions that businesses ask about the introduction of VAT in the GCC – advising businesses on the steps they can take to overcome challenges, as well as explaining the consequences of not being ready.
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