As enterprises across the GCC begin to address the challenges of VAT implementation, their Investor Relations (IR) teams are tasked with carefully managing the impact that VAT management and compliance has on shareholder value.
Unless companies have a sound tax control framework in place, VAT can quickly become an absolute cost that impacts financial key metrics – and perhaps also company value in the eyes of investors.
However, with the right strategies in place, companies can turn the new tax environment into an opportunity to streamline processes, update IT systems, improve risk and compliance policies, and introduce better financial reporting strategies. These developments will help IR teams to attract investor attention and demonstrate how well-prepared their companies are to navigate the ever-evolving tax landscape.
Our whitepaper, The Impact of VAT on Investor Relations, explores this topic in detail.
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