The introduction of VAT in GCC member states, traditionally viewed as tax-free jurisdictions, has brought several compliance obligations and associated challenges. After three years of VAT in UAE and two years in Bahrain, overall tax landscape continues to evolve by way of updates to Executive Regulations, VAT guidance and public clarifications issued by tax authorities, learnings from VAT audits and assessments etc. With VAT going live in Oman on 16 April 2021, businesses are expected to file their first VAT return by the end of July 2021.

While the vision of GCC member states was to implement VAT on a common framework, however, it appears that each member states have implemented VAT with certain variations, mostly to do with compliance procedures. Given this, businesses having a regional presence should identify the nuances, possible gaps in compliance and take the right action to keep up with the evolving compliance environment in each jurisdiction. At the same time, local businesses have to keep track of developments in other jurisdictions and prepare themselves for on-coming compliances.

At BDO, we focus on managing tax compliance for regional and international companies along with regulatory reporting keeping localized requirements in view and to help businesses comply with regulatory compliance.

Join our webinar to learn how businesses can manage VAT compliance function in today’s tax landscape.

The webinar will cover:

• Need for having a robust VAT compliance function.
• Outsourcing VAT compliance function that businesses can adopt to reduce costs and risks, and improve performance.

Please feel free to share any questions you may have ahead of the webinar by contacting us at events@bdo.ae.  There will also be opportunities to ask questions ‘live’ during the webinar.

Can’t make it to our webinar? Be sure to register so that you can receive the recording and presentation material after the event.

Speakers

Ashish Athavale – Tax Partner for BDO UAE , Bahrain and Oman

Amrita Chandwani – Assistant Manager, BDO UAE

Devina Ogale – Senior Tax Consultant, BDO Bahrain

Deepak Yadav – Senior Tax Consultant, BDO Oman