Value Added Tax in the GCC
Insights by industry | Volume 2
To help businesses in the GCC understand the potential impacts of the implementation and operation under VAT, Deloitte Middle East has been issuing a number of short papers designed to provide a greater understanding of the impacts of VAT on specific industry types in the Gulf.
Deloitte releases the second volume of the whitepaper series “VAT in the GCC – Insights by industry” covering a new range of industries and VAT issues.
The whitepaper series addresses the impacts of VAT introduction on specific industry types and includes an analysis of the likely future state in the Gulf following this change. The paper will enable businesses to understand what needs to be done post-VAT introduction and the potential effects of the tax on their day to day activities. In this light, volume 2 covers the following issues and industries:
- Impacts of VAT on the real estate and construction industry in the Gulf
The property development and construction industry – building with VAT in mind
- Impacts of VAT on the tourism industry in the Gulf
VAT and the tourism industry – a complex formula
- Impacts of VAT on the oil and gas industry in the Gulf
Extracting VAT from the oil and gas supply chain – who will bear the burden?
- Structure of a VAT function
A European benchmark to guide GCC businesses
- VAT technology
Technology considerations – planning for VAT through technology
If you would like to discuss any of the aspects covered in greater detail, please get in touch with Justin Whitehouse.