Microsoft Dynamics Readiness for VAT in GCC

VAT is around the corner in GCC and this would mean that there will be a significant impact on businesses. A major milestone in this direction was the Unified Agreement for VAT that was published in the official gazette of one of the member states, Saudi Arabia. The Unified Agreement provides the framework for the operation of VAT across the GCC.

Global experience has shown that VAT planning, training and education is fundamental to ensure successful VAT implementation. Business focus should be primarily on ERP system and business process readiness, communication, staff training, and sourcing VAT knowledge internally or externally.