Value Added Tax
The introduction of VAT is more than just a finance issue, it is a business issue and could impact all areas of the business from purchase to pay, cash to report. We make sure you get it right, every time.
Late filings, missed registrations and incorrect invoices can all cause serious financial risk. Don’t let differences in global rules catch you out. Our indirect tax specialists will help you to cut through the complexity. We can assist you in ensuring that the impact on your businesses is managed.
VAT can be a complex and expensive issue for businesses in every industry. In preparation for the introduction of VAT in the GCC we would strongly recommend that businesses:
- undertake a risk review to evaluate the potential impact of VAT;
- review existing contracts and determine the correct VAT position and who will pay for the VAT;
- review proposals and tenders to evaluate the impact of VAT;
- ensure all IT systems are VAT enabled, not just the accounting system;
- communicate with employees, customers, subcontractors and suppliers so that you can ensure that everyone is aware of potential issues and that there are no unexpected issues;
- implement training for employees who will be dealing with VAT and who need a broader understanding of its commercial implications.
Global reach
We operate all over the world, with expert knowledge of tax matters across multiple markets and jurisdictions.
Business focus
Operating in different markets should support growth, not slow it down. We’ll make sure you’re compliant while growing your business.
Strategic thinking
Indirect taxation matters shouldn’t just be a tick-box exercise. We help you see the bigger picture for long-term tax efficiency.
Proactive approach
Our experts spot problems before they turn into expensive penalties, as well as keeping you ahead of changing regulations and requirements.