BEPS in the Middle East

An overview of the potential impacts

With the issuance of the final recommendations of OECD on the 15 Base Erosion and Profit Shifting (BEPS) action items, the changes proposed by the BEPS project are already dominating the tax agenda for taxpayers and tax authorities across the world.

Following the global trend, many countries across the region (e.g. Saudi Arabia, Egypt, Oman, the United Arab Emirates (UAE), Bahrain) have also committed to introduce BEPS recommendations in domestic legislation which is likely to significantly change the tax regulatory landscape in the region going forward.

Following on from the introduction of Value Added Tax (VAT) in the Gulf Cooperation Council (GCC), BEPS represents the next big tax reporting and compliance challenge facing organizations across the region.

To provide clarity on the BEPS initiative and offer guidance for the companies that might be impacted – Pierre Arman, MENA Market Lead for Tax and Accounting at Thomson Reuters interviewed Adil Rao, Transfer Pricing Leader at Deloitte Middle East on the various issues listed below: 

  • What are the core areas focused by the BEPS recommendations?
  • How the tax authorities are going to enforce the BEPS measures?
  • How the multinational businesses in the region should respond to the potential challenges?
  • What is the role of technology in the post BEPS world?
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