How important is a VAT impact assessment for your business?

All six countries have now signed the GCC treaty for the implementation of VAT, which means businesses throughout the GCC need to start their VAT impact assessments to be ready for the changes. Rob Dalla Costa, Director of VAT at KPMG, explains to Pierre Arman, Market Development Lead for Tax & Accounting at Thomson Reuters MENA, why businesses should get underway with VAT preparations now.