69% of businesses in GCC not ready for VAT


69% of businesses in GCC not ready for VAT
Sixty-nine per cent of businesses in the GCC do not feel ready for the introduction of VAT next year.

That’s according to a survey conducted by Deloitte, which found that 96 per cent of respondents were aware that VAT is coming but less than half realised that it will be so soon.

This is after the GCC Value Added Tax treaty was signed by all six states with the aim of going live in January 2018.

The research was completed by companies from all industry sectors.