The OECD’s Base Erosion and Profit Shifting (BEPS) initiative is transforming the global tax landscape. As the move towards greater tax transparency gains traction in the region, the GCC’s enterprises need to not only understand and meet all their regulatory compliance obligations locally, but also bring their tax strategies, processes and systems in line with international standards and laws.

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Thomson Reuters reviews the importance of VAT audits, best practices that can be adopted, and areas needed to be focused by businesses to ensure their systems and VAT processes are compliant.

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