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VAT in the GCC

Tax & Legal


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


  • Understanding the needs of client’s business and estimating the impact of VAT on the business
  • Preparing Pre and Post scenarios for ascertaining the impact on business
  • Analysing various areas of positive or negative impact and the causes behind them
  • Providing more 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



Mr Johnson K.Rajan
Partner, IMC, Middle East

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