GCC VAT Compliances
Wide the GCC agreement, Bahrain, Oman, KSA, and UAE implement the Value Added Tax Regime also known as VAT. This is very similar to what India did in 2017 with the implementation of GST.
VAT has a typical multilayer compliance system wherein the VAT impact is passed throughout the supply chain be it services or goods. This means almost all the businesses in that country doing local / export sales also the services/goods will have to get compliant with this tax regime.
The Indirect Tax team at APMH helped a lot of medium and small businesses with their implementation and change management for the adaption of the VAT regime. Be it commercial decisions of costing and pricing, be it ERP configuration or Invoice formats, the APMH team helped even a lot of non-resident businesses and multinational client teams end to end. The India GST experience helped me understand all the complexities and develop the required agility to adapt. Similar the Bahrain, UAE, Oman, and Saudi, the APMH team is ready for implementations in Kuwait and Qatar once the VAT.