Deloitte offers free and interactive VAT app to GCC businesses and individuals has been saved
Deloitte offers free and interactive VAT app to GCC businesses and individuals
28 May, 2017 – With the progressive implementation in 2018 and the representatives of the Member States of the GCC having agreed on a formal VAT system Treaty across all six Member States, businesses need to start looking in detail at the potential impacts this implementation will have on businesses.
To help businesses in the GCC understand the potential impacts of the implementation of, and operation under, VAT, Deloitte in the Middle East has created a free and interactive mobile application to help teach, guide, and influence businesses and individuals alike to understand VAT and how it will impact their companies in the Gulf region once implemented.
The Deloitte app is available for iOS and Android devices and it is broken down into different sections that are easy to navigate. It contains learning materials such as whitepapers, videos, industry impacts, e-learnings, infographics and treaties and local laws to help further their understanding. To test their VAT knowledge, individuals will be able to try basic and advanced level quizzes with unlimited tries. Also included in the Deloitte app is a VAT calculator to calculate costs once the 5% VAT rate is applied and to understand how VAT interacts with customs duty.
“The Deloitte app will surely accelerate the VAT journey of businesses and individuals and will enable them to get in touch with Deloitte’s VAT and customs experts,” said Justin Whitehouse, partner and Deloitte Middle East Indirect Tax leader “The app offers a live knowledge base where professionals can access essential VAT information anywhere using their devices and can get instant and live push notifications of any VAT developments happening throughout the region.”
The app can be downloaded on the following links:
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Deloitte provides audit, consulting, financial advisory, risk management, tax and related services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries and territories, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte’s more than 220,000 professionals are committed to making an impact that matters.
About Deloitte & Touche (M.E.):
Deloitte & Touche (M.E.) is a member firm of Deloitte Touche Tohmatsu Limited (DTTL) and is a leading professional services firm established in the Middle East region with uninterrupted presence since 1926.
Deloitte provides audit, tax, consulting, and financial advisory services through 26 offices in 15 countries with more than 3,300 partners, directors and staff. It is a Tier 1 Tax advisor in the GCC region since 2010 (according to the International Tax Review World Tax Rankings). It has also received numerous awards in the last few years which include best employer in the Middle East, best consulting firm, the Middle East Training & Development Excellence Award by the Institute of Chartered Accountants in England and Wales (ICAEW), as well as the best CSR integrated organization.