VAT in the GCC
Gurdeep Randhay, VAT leader
In order to promote diversification, governments across the region have introduced various initiatives to reduce the dependency on oil generated incomes and further stabilize the economy.
As part of the stabilisation strategy, we have witnessed a number of regulatory changes, with the recent one being the introduction of Value-Added Tax (VAT), which was implemented as of 1 January 2018 across the GCC. Forces such as taxation reforms and rapid technological change are disrupting traditional business models and creating huge challenges for organisations, both privately owned and publicly listed.
At Grant Thornton, we offer a full suite of services to address the VAT challenge, which ensures that organisations remain ahead of the requirements within the UAE, along with supporting the impact which may occur across the wider GCC. Our VAT services help organisations throughout the full life cycle of indirect tax, whilst ensuring our technical experts apply their deep insights which have been gained from implementing and managing VAT in various jurisdictions.
Grant Thornton can help with:
- VAT compliance, health checks and advisory
- International tax planning and advisory
- M&A and due diligence tax advisory
- Transfer Pricing
- BEPS advisory
International indirect tax guide
If you would like more detailed information for your region, our international indirect tax guide [ 10202 kb ] provides an overview of tax systems in key countries and how you can get further support from Grant Thornton.
If you have any questions or would like to find out more about how we can help please contact Gurdeep Randhay.