Value added tax:
Value added has been a feature of the tax system of more than 150 countries around the world, as it has been implemented in some Gulf countries since 2018. An inherent advantage of value added tax is its self-assessment nature. All businesses that will be registered in the VAT system (or are required to be registered) must register, assess and report their value-added obligations and owed to the tax authority in accordance with the law.
Early recognition and preparedness for potential impacts and opportunities is critical to ensuring smooth transformation and cost optimization for each value-added organization.
We can help our clients through our interactive and applied approach in :