VAT Challenges

•   Whether to pass on all or any of the VAT charges.
•   Short notice for changes in IT systems.
•   Cash flow risks on.
•   --  unrecoverable VAT
•   --  reporting incurred VAT
•   --  VAT remittances
•   VAT requirements on intra-GCC transactions
•   VAT registration requirements and process
•   Bringing together various stakeholders
•   Hiring VAT experienced staff and developing training programmes for existing staff
•   Readiness of ERP and/or tax engines to process transactions