Why Tax in the GCC is the C-suite’s concern

It’s essential for COOs and other senior executives to keep abreast of tax developments in the GCC. Without a clear understanding of your company’s current and future tax obligations, it will be difficult for you to monitor whether your tax function is handling your tax affairs, for instance, VAT and BEPS, prudently.

If not – there’s a risk that poor tax management could impact cash flow; or that compliance errors could lead to fines and reputational damage.

As one of the founding members of the COO Network in the Middle East, Pierre Arman – also Thomson Reuters' Market Development Lead for Tax, Accounting and Global Trade Management in Asia and Emerging Markets – speaks about what the C-suite should know when it comes to taxes in the MENA region.