Doha: The International Chamber of Commerce and Thomson Reuters will organise a workshop on VAT Compliance titled ‘The Impact of VAT Compliance on Businesses in Qatar by Pierre Arman’. The workshop will take place on February 7 at the Qatar Chamber of Commerce Conference Hall.
The workshop, which will begin at 10:00am and end at 12:00pm, will highlight the impact of VAT and how businesses can prepare. During the course of the session, the case for technology in relation to ongoing management will be highlighted further, along with sharing where we are now and projected to go once VAT is implemented in Qatar.
Ascertaining the impact VAT will have on a business and the changes required is an essential step in any VAT implementation process. Once understood, an effective VAT compliance and management plan can be developed and put into action. Given that VAT will be implemented soon, this session is timely as our members continue to be at the forefront of this key fiscal reform.
This workshop is planned to take place in Doha three to four times this year in order to help create awareness and encourage people to know about the impact of VAT on businesses here in Qatar. The workshop is supported by Qatar Chamber.
“We are very pleased with this partnership with Qatar Chamber to raise more awareness about the challenges and impact of VAT on businesses in Qatar. Our research suggests that while there is awareness that VAT will have a broad impact, only 11 percent of respondents understand the impact that VAT implementation will have on their business,” said Ahmed Hafez, Country Manager for Qatar at Thomson Reuters.
“As we strive, at Thomson Reuters, to provide professionals with the intelligence, technology and human expertise to find trusted answers, it is essential to have the accurate data, insights and trusted information in order to build the knowledge needed to make the right decisions, hence this session we are organising in partnership with Qatar Chamber”, he added.
