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After two editions of GCC VAT Forum which were a real success, the 3rd edition has announced its dates, 11-12 September 2017 at Meydan Hotel. The 3rd edition will provide more networking opportunities with peers in the industry to discover how to develop an effective VAT business model by 2018 and avoid penalties.
With the announcement of Value Added Tax being implemented in the GCC, countries are on a tight timeline of 18 months to prepare for the first phase of VAT implementation by 1 January, 2018
As a result of this, a 11% of GCC- based companies have already made substantial progress on preparing their tax administration systems and focusing to develop their business community in preparation for VAT. They have evaluated the changes that are need to their financial, operational and information technology processes ahead of the introduction of Value Added Tax.
According to a recent EY survey half of GCC-based companies have yet to prepare for the launch of 5 percent value added tax in the region next year.
After successfully launching the GCC VAT Forum in 2016 with over 100+ finance heads from across the region, this meeting will again host CFOs, Corporate Finance Managers, Tax Directors, Compliance Managers and HR Directors seeking clarity on the new VAT regulations, and more specifically understand how this will impact current business processes, systems and operations.
Whether it’s pricing, supply chain, cash flow, internal policies or avoiding fines – Value Added Tax will impact your business.
You’ll have the opportunity to learn from the Big 4 including EY, KPMG, PwC and Deloitte, plus benchmark against your peers and get solutions to your specific challenges - so you have the knowledge you need to develop an effective VAT business model in time.