Deloitte has released its ‘VAT in the GCC guide' mobile app in Arabic for the first time.
The app, which is now in English and Arabic versions, is designed to help businesses to better understand VAT and its impact, whether they have already undergone implementation in the UAE and KSA or are preparing for the introduction of VAT in the four remaining GCC countries.
As an integral part of this process, the app is regularly updated to bring through the latest announcements, legislation, regulations, guides and information on the progress of VAT and Excise Tax in the GCC.
The Gulf states in the Middle East have embarked on a journey to implement Value Added Tax (VAT). The United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) have already introduced VAT on January 1st 2018. As for the other four Gulf countries, VAT is scheduled to be implemented by end of 2019.
The Deloitte app is available for iOS and Android devices and it is broken down into different sections that are easy to navigate. It contains Deloitte's weekly digest, reporting news of important Indirect Tax developments in the Middle East region as soon as they happen in addition to a series of learning materials. To test their VAT knowledge, individuals will be able to access various generic and industry specific quizzes with unlimited tries.
"The Deloitte app has proved to be a great tool for businesses and individuals alike throughout the past year with thousands of downloads given its relevance, ease of use, instant regular updating and easy access to Deloitte's core team of Indirect Tax Experts. Deloitte will keep on investing in this tool as long as it is useful for both clients and non-clients," said Nauman Ahmed, Partner and Tax Leader at Deloitte Middle East.