Preparing for Value Added Tax in the GCC – survey on the business impacts

Insights

Preparing for Value Added Tax in the GCC

Indirect Tax Survey 2017

With the progressive implementation of Value Added Tax (VAT) in the Gulf Cooperation Council (GCC), Deloitte is running a regular pulse survey to gauge the level of knowledge of VAT within the GCC marketplace and to understand the preparations already underway to get ready for the introduction.

April Survey results

Whilst awaiting the publication of the Treaty, we conducted our first Indirect Tax Client Survey in April. In order to give our recommendations some context, we also conducted a parallel survey amongst clients of our Malaysian Firm, The Journey to Malaysian Goods and Services Tax (GST), so that we can offer you insights from businesses that have very recently been through a GST implementation process. We have included these Malaysian insights at relevant points throughout this report.

The first survey document disseminates the cross-sector response regarding the VAT introduction in the GCC, the Global respondents regarding the VAT introduction in the GCC, business impacts of VAT introduction in the GCC, attitudes towards the introduction of VAT in the GCC, quotes regarding the VAT introduction in the GCC, key industry findings around the VAT introduction in the GCC and the next steps for businesses in the Gulf.

Indirect Tax Survey - April 2017

May Survey results

After launching the results of the first survey we ran in April, we summarize in this one page document the results of our May client survey which demonstrates the updated statistics on where businesses are today. There has been a change in the attitudes of businesses towards the introduction of VAT in the GCC which is summarized in this one pager.

Indirect Tax Survey - May 2017
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