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Showing posts from April, 2017

VAT Impact Assessment & Developing the Implementation, VAT in GCC

VAT Impact Assessment & Developing the Implementation The assessment and impact of the Value Added Tax (VAT) on organizations and this includes the VAT Impact – Assessment & Implementation. We have designed the deliverables as a Project so that it remains in-line with the overall VAT compliance objective of organizations in GCC. Impact Assessment & Developing the Implementation Road Map Review of existing relevant business processes and end to end transactions to map the existing process i.e. “as-is process flow” Identify and elaborate the VAT touch-points so that the associate compliance risk can be identified and appropriately addresses in the Implementation phase . Assess the existing system capability by flowing through trial VAT transactions to assess the system upgrade requirements, if any. Develop a VAT Road Map so that as-is process is mapped with to-be process. Designing the process of Accounting & IT requirements along wi