- Qatar is preparing for a significant tax reform with the introduction of VAT in 2025, and businesses must act quickly to avoid operational disruptions and compliance issues; insights from other GCC countries that have implemented VAT can guide this process.
- Key lessons from GCC countries emphasize the importance of early preparation, system upgrades for tax automation, careful implementation to avoid complications, and long-term planning for sustainable VAT compliance.
- To prepare for VAT, businesses should review their operations, adopt the right technology for automation, seek expert advice on regulations, and plan for ongoing maintenance to ensure smooth compliance and efficient operations post-implementation.
Source Innovate Tax
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