VAT Challenges

  •   Whether to pass on all or any of the VAT charges.
  •   Short notice for changes in IT systems.
  •   Cash flow risks on.
  •   --  unrecoverable VAT
  •   --  reporting incurred VAT
  •   --  VAT remittances
  •   VAT requirements on intra-GCC transactions
  •   VAT registration requirements and process
  •   Bringing together various stakeholders
  •   Hiring VAT experienced staff and developing training programmes for existing staff
  •   Readiness of ERP and/or tax engines to process transactions

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