Is the GCC ready to implement VAT?.

With less than six months until the GCC implements value added tax (VAT), our new survey in collaboration with Thomson Reuters has found that there is a significant lack of preparation and awareness among businesses in the region of how VAT will affect them.

Is the GCC ready to implement VAT?

The report has found that only 11% of respondents understand the impact that VAT implementation will have on their business, whilst 49% are yet to commence their impact assessment.

Read our report in collaboration with Thomson Reuters which looks at VAT readiness in the Middle East.