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Expert insight: How to get VAT-savvy

If VAT is not implemented properly, it is likely to impact everything from cash flow to operations. Mansoor Sarwar, regional director for technical services at Sage Middle East, shares five useful tips. 1. Test your system: Whether you’re using an accounting system or calculating VAT manually, test your system by creating dummy sheets and invoices. All […]

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The Benefits of a Business Dashboard

The amount of data businesses generate today is incredible this information tells a story. It has a narrative that gives organizations valuable and actionable insights. These insights guarantee better and more informed decisions. However, making sense of all the data a business generates is no easy task. And the volume is so large! It presents […]

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Value Added Tax (VAT) in the GCC | Insights by Industry | Volume 2

To help businesses understand the VAT impact in the Gulf and the operation under VAT, Deloitte Middle East has been issuing a number of short papers designed to provide a greater understanding of the impacts of VAT on specific industry types in the Gulf. This is the second volume of the whitepaper series “VAT in […]

by in Industry News

VAT​ ​is​ ​not​ ​a​ ​business​ ​expense but​ ​a​ ​cost​ ​that​ ​is​ ​ultimately passed​ ​on​ ​to​ ​the end-consumer

On January 1, 2018, value-added tax (VAT) will come into effect for the first time in the UAE. Naturally, small businesses are concerned about the financial and operational impacts of VAT compliance, especially since they’re used to operating in a low-tax business environment. While there will be implications for systems, infrastructure, skills and training, there […]

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