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VAT in the GCC

VAT in the GCC



  • Ensure whether proper books of accounts are maintained and updated
  • Check whether your business meet the criteria for registering for VAT collection
  • Registration for VAT in the GCC
  • Collection of VAT in the invoices raised
  • Keep record of VAT paid in Invoices of Vendors to avail credit
  • Filing VAT returns and payment of VAT to the Government

Pricing Structure and Profit Margins

  • VAT shall impact the pricing structure and profit margins to factor the VAT in all the invoices raised by business. A critical analysis will be required for this to ensure that business will face the least impact by preparing customized pre and post VAT scenarios for every business
  • Also, increase in price may result in result in decline in customer spending. It will be challenging to maintain the same.

Restructuring of Business Models

  • Business model should be restructured to ensure:
  • Increased efficiency in operations
  • Restructuring of supply models to ensure reduce cost of procurement of raw materials and capital goods
  • Possible negotiations with vendors and suppliers
  • Restructuring of Human resources to ensure that the staff is competent enough to deal with the challenges bough in by the new law
  • Restructuring of accounting systems and IT systems to ensure proper compliance and competency with new requirements

Impact Analysis

How IMC Can Help

How IMC Can Help

  • Understanding the needs of client’s business and estimating the impact of VAT on the business
  • Preparing Pre and Post scenarios for ascertaining impact on business
  • Analysing various areas of positive or negative impact and the causes behind them
  • Providing most accurate information for decision making
  • Advise client about various legal and procedural requirements
  • Checking and verifying the books and records as per the legal requirements
  • Prepare an implementation plan based on requirements of client
  • Registration with relevant Governmental authorities
  • Completing documentation and other requirements
  • Liasoning with authorities and governmental bodies on behalf of client


Contact Us

Mr. Johnson K. Rajan

Partner, IMC, Middle East

Just drop your email id and contact number. We will get in touch with you.