VAT Consultant in Qatar
Qatar with representatives of the other Member States of the GCC confirmed the introduction of VAT across all six Member States through the signing of a VAT Framework in 2017. With the advent of VAT in Qatar, companies will require guidance on VAT implementation and VAT impact. In this regard, Aviaan Accounting, the leading VAT consultant in Qatar facilitates in the following manner:
- Timely and cost-effective VAT advisory services
- VAT impact analysis
- Provide advice on taxation
- Ensure compliance with the VAT law
- Guidance on Customs clearance as well as designated zone related issues.
The framework act as the basis for the VAT legislation in each Member State by stipulating. It must be followed by all members while allowing the countries to opt for different VAT treatments concerning some supplies. Qatar is planning to implement a 5% VAT regime from 1 April 2021. The VAT is being introduced as Qatar seeks to rebalance its reliance on oil revenues. Oil prices in Qatar have fallen drastically over the past five years. So far, only Saudi Arabia, UAE, and Bahrain have implemented VAT.