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TAX & ACCOUNTING

The VAT adoption landscape in the GCC

A joint survey with ACCA Middle East and Thomson Reuters

HOW DID IT GO? WE SURVEYED BUSINESSES IN THE UAE AND KSA

The first wave of VAT implementation and reporting has been completed. We interviewed organizations from diverse industries in the United Arab Emirates and the Kingdom of Saudi Arabia to gain insight into their experiences and challenges.

Last year, our survey focused on VAT readiness - and the research revealed that 38% of companies lacked VAT management expertise in-house and only 29% had IT systems in place that could support VAT compliance.

One year later, the VAT Return Filing and Compliance Survey 2018 conducted by Thomson Reuters and ACCA aims to gauge how well these companies have fared to adapt to this fiscal reform.

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