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TAX & ACCOUNTING

Is the GCC ready to implement VAT?

VAT Readiness Survey by Thomson Reuters and ACCA Middle East

VAT READINESS SURVEY: THE RESULTS

Thomson Reuters and ACCA Middle East VAT Readiness report provides analysis on how ‘VAT- ready’ organizations are in the GCC ahead of the VAT implementation deadline of 1st January 2018.

This report summarizes feedback from survey respondents from across the GCC to better understand the status of their VAT implementation activities in terms of budget provisions, level of VAT awareness and expertise, engagement with tax advisory firms, as well as IT platform readiness in order to support VAT reporting and compliance.

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