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Clare McColl

Indirect Tax Partner
KPMG


GCC VAT Forum - September 11, 2017

9:30 AM Planning and preparation: The ultimate VAT business checklist

Preparation is key because VAT liabilities are subject to severe penalties and time-consuming interactions with local tax authorities, or worse, causing a business disruption. This session discusses what your business can do to ensure a smooth transition to the implementation of VAT in a cost-effective and compliant manner.

  • VAT impact assessment: Assess the overall impact and challenges brought by VAT and design a roadmap to achieve implementation by 1 January 2018
  • Response strategy: Address the transformational challenges across the organisation and ensure that the people, process and technologies are in place
  • Transition testing: Ensuring the changes that have been implemented are tested and ready to go live
  • Post-implementation checks: Ensuring further review testing is carried out to ensure VAT compliance and that reporting systems are operating as designed

3:30 PM GCC VAT Q&A: Your questions answered

Do you still have questions about the implementation of VAT?
This open-floor discussion will address any questions that haven’t been answered within the forum to ensure your company is prepared for VAT

Workshop on managing your systems and break-out sessions - September 12, 2017

1:00 PM

The development and construction sector is of huge importance to the GCC as a whole. It supports large numbers of livelihoods as well as delivering the necessary infrastructure that are essential to the continued development of the region.
The scale of many businesses operating in the sector, and the cost and revenue that they manage, by nature create an environment of risk associated with poorly understood or managed VAT obligations.
This session will address the following challenges and provide effective strategies to overcome the challenge of VAT within the
following areas:
  • Purchase of land
  • Development of sites
  • Sale of completed properties
  • Sales, lease and management of developed properties
  • Commercial
  • Residential
  • Mixed use properties