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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”
  • 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 with cost implications, if any.
  • Implement the newly designed process with dry-run.
  • Design the communication with the clients and supplier to advise them about future trade terms.


Once the VAT is enacted from 1 Jan, 2018, we can advise with following additional services. 

  • Review the Output VAT and Input VAT ledger outputs


HOW WE CAN HELP
Our Indirect Tax Team of experts is available in GCC Region to discuss and bring clarity to the specific challenges that your businesses might face in getting yourself ready for VAT. Please contact our indirect tax executives to learn more.

LinkedIn: Waheed Ensari

VAT Consultancy Services
VAT Advisory and Consultancy services are available for GCC (Gulf Cooperation Council) Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates


To know more whatsapp +971 55 8400399 | email: info@thebscon.com

Take on VAT Readiness Survey here


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Location: Middle East

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