KSA And Bahrain VAT Forum: Tuesday, 28 November 2017

8:00 AM - 9:00 AM Start of conference, registration and welcome refreshments

9:00 AM - 10:00 AM GCC VAT fundamentals: Overview of the VAT law, framework and compliance requirements

David Stevens, VAT Implementation Partner, Ernst & Young (EY)
The introduction of VAT is a landmark event for the region and marks the true beginning of VAT implementation across the GCC. The new tax policy’s go-live date is only less than a few months away and yet many questions still hang in the air. This session aims to give an overview of the VAT law, framework and compliance requirements.
What this session will cover:
  • Outline the VAT law and framework that is going to be implemented within the GCC
  • Analyse key features of the GCC VAT framework
  • Understand what is VAT applicable and understand if there are any exemptions
  • Learn the compliance requirements and considerations under VAT and recognise how to be fully compliant


David Stevens

VAT Implementation Partner
Ernst & Young (EY)

10:00 AM - 11:00 AM Leading practice for VAT implementation

Aly Rehan Khan, GCC VAT Expert, Independent Trainer
VAT will be placed on every business transaction and it will impact all functions of your organisation.
Implementation is not a finance project and cannot be managed solely from the CFO’s office. Project planning of implementation is extremely important and it needs the participation of your entire organisation.
  • Develop a comprehensive and structured VAT implementation plan specific to your business
  • Discussing the technologies and systems required to be VAT compliant and recognise the significant changes will be required to IT platforms and processes
  • Identify internal and external resources needed to be VAT compliant and recognise the importance of resource allocation and budgeting for this change
  • Understand that systems and processes must be tested and reviewed prior implementation and recognise the importance of establishing an on-going compliance regime

Aly Rehan Khan

GCC VAT Expert
Independent Trainer

11:00 AM - 11:30 AM Networking break

11:30 AM - 12:15 PM PANEL DISCUSSION: The strategic CFO: Insights from the industry

  • A key insight into preparations made by CFOs from the region to prepare for VAT
  • Recognise any challenges Middle Eastern CFOs have come across as they prepare for VAT implementation and how they are aiming to overcoming these
  • What strategies are they using to make sure they successfully comply with VAT and ensure they do not face any business fines or penalties

12:15 PM - 12:45 PM PANEL DISCUSSION: Business considerations for VAT

Jeanine Daou, Indirect Taxes Leader, PwC
The risks of your organisation getting VAT implementation wrong are extremely high. Not only will you face harsh penalties and interest charges payable, but there is a huge risk of operational challenges in terms of being unable to import or sell goods or services, which can bring your business to a standstill
  • Understand the commercial impact of VAT on your organisation and how VAT will impact commercial contacts, pricing, margins, systems and resources
  • Recognise potential VAT impacts on specific business transactions such as royalty payments, rebates and sponsorship
  • Learn how taxable, zero-rated and exempt will impact your cost structure and pricing strategy
  • Discover how your business should manage VAT for intra-GCC transactions as well as international trade


Jeanine Daou

Indirect Taxes Leader

12:45 PM - 1:45 PM Lunch break and networking

1:45 PM - 2:45 PM Beyond introduction of VAT in GCC: Creating a VAT and indirect tax control framework

Philippe Norre, Tax Partner - Head of Indirect Tax, Tax Reporting Strategy & Technology for Bahrain and Qatar, KPMG
As in the rest of the world, VAT and other indirect taxes in the GCC are essentially based on self-assessment and expect the taxpayers to be in control of correct, accurate and timely compliance.
This session will look at GCC-tailored best practices to establish a VAT compliance, knowledge and overall management framework.
  • What are the end-to-end processes your organisation should roll out to manage your VAT affairs
  • What are the technology enablers available to GCC organisations to support the VAT control framework? Is there a “killer” system?
  • How can your organisation prepare audit defence files and a tax audit strategy
  • Learn about the power of VAT predictive data analytics for your organisation
  • What can you expect in the near and medium term future in the GCC?

Philippe Norre

Tax Partner - Head of Indirect Tax, Tax Reporting Strategy & Technology for Bahrain and Qatar

2:45 PM - 3:45 PM International case study on VAT

Jeremy Cape, Tax Partner, Squire Patton Boggs

Jeremy Cape

Tax Partner
Squire Patton Boggs

3:45 PM - 5:00 PM Points to watch – Bahrain and KSA

5:00 PM - 5:00 PM Closing remarks by the chairman and end of forum

The published programme is correct at time of printing. However, given the seniority of our speakers and the nature of their roles, speakers may subsequently substitute or remove themselves from the programme. This is always regrettable, and we will always try to replace the speaker with a speaker with equivalent insight.