{"id":449,"date":"2020-02-05T11:55:00","date_gmt":"2020-02-05T11:55:00","guid":{"rendered":"https:\/\/insight.thomsonreuters.com\/mena\/business\/?post_type=insight_resource&#038;p=449"},"modified":"2020-06-16T09:35:36","modified_gmt":"2020-06-16T09:35:36","slug":"beps-in-the-gcc","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\/resource\/beps-in-the-gcc","title":{"rendered":"BEPS in the GCC"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Insights for Gulf-based businesses<\/h3>\n\n\n\n<p>The OECD\u2019s Base Erosion and Profit Shifting (BEPS) initiative is transforming the global tax landscape.&nbsp; For a long time, multinational businesses have been able to take advantage of mismatching tax rules to artificially (but legally) shift profits to low- or no-tax locations. Unfortunately, this undermines the fairness and integrity of the global tax system. To tackle this problem, the OECD and G20 have set out 15 Actions that provide governments with the tools for change.&nbsp;<\/p>\n\n\n\n<p>As the move towards greater tax transparency gains traction in the region, the GCC\u2019s 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.&nbsp;<\/p>\n\n\n\n<p>This article explores how companies can update their tax management approaches and compliance strategies to achieve better transparency, compliance and cost control, no matter where in the world they do business.\u00a0<\/p>\n\n\n\n<p><strong>Complete the form on the right to access the whitepaper. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The OECD\u2019s 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\u2019s 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. <\/p>\n","protected":false},"author":107,"featured_media":451,"template":"","categories":[782,687,659,783],"tags":[799,138,777,776,764,779],"resource_type":[638],"insight_job_role":[703,710,786,716,790,788,725,784,732],"insight_practice_area":[],"class_list":["entry","author-corpadmin","has-excerpt","post-449","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-beps","category-global-reporting-compliance","category-global-tax-reporting","category-transfer-pricing","tag-beps","tag-compliance","tag-gcc","tag-tax","tag-tax-technology","tag-technology","resource_type-whitepaper","insight_job_role-accounts-payable","insight_job_role-chief-executive-officer","insight_job_role-chief-tax-officer","insight_job_role-consultant","insight_job_role-head-of-international-tax","insight_job_role-head-of-tax","insight_job_role-it-technology-manager","insight_job_role-tax-manager","insight_job_role-vice-president","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BEPS in the GCC - TR - Business Insight MENA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\/resource\/beps-in-the-gcc\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BEPS in the GCC - TR - Business Insight MENA\" \/>\n<meta property=\"og:description\" content=\"The OECD\u2019s 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\u2019s 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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\/resource\/beps-in-the-gcc\" \/>\n<meta property=\"og:site_name\" content=\"TR - Business Insight MENA\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-16T09:35:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insight.thomsonreuters.com\/mena\/business\/wp-content\/blogs.dir\/4\/files\/sites\/25\/2020\/02\/beps_whitepaper_website_banners_1200x628.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\/resource\/beps-in-the-gcc\",\"url\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\/resource\/beps-in-the-gcc\",\"name\":\"BEPS in the GCC - TR - Business Insight MENA\",\"isPartOf\":{\"@id\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\/resource\/beps-in-the-gcc#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\/resource\/beps-in-the-gcc#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/wp-content\/blogs.dir\/4\/files\/sites\/25\/2020\/02\/beps_whitepaper_website_banners_1200x628.jpg\",\"datePublished\":\"2020-02-05T11:55:00+00:00\",\"dateModified\":\"2020-06-16T09:35:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\/resource\/beps-in-the-gcc#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\/resource\/beps-in-the-gcc\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\/resource\/beps-in-the-gcc#primaryimage\",\"url\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/wp-content\/blogs.dir\/4\/files\/sites\/25\/2020\/02\/beps_whitepaper_website_banners_1200x628.jpg\",\"contentUrl\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/wp-content\/blogs.dir\/4\/files\/sites\/25\/2020\/02\/beps_whitepaper_website_banners_1200x628.jpg\",\"width\":1200,\"height\":628},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\/resource\/beps-in-the-gcc#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Resources\",\"item\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"BEPS in the GCC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/#website\",\"url\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/\",\"name\":\"TR - Business Insight MENA\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insight.thomsonreuters.com\/mena\/business\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BEPS in the GCC - TR - Business Insight MENA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insight.thomsonreuters.com\/mena\/business\/resources\/resource\/beps-in-the-gcc","og_locale":"en_US","og_type":"article","og_title":"BEPS in the GCC - TR - Business Insight MENA","og_description":"The OECD\u2019s Base Erosion and Profit Shifting (BEPS) initiative is transforming the global tax landscape. 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