This site uses cookies. and this alert will appear once and then not again.
GlobalVATOnline

Interested in accessing UAE & KSA - VAT e-Fitness diagnostic tool - NEW SERVICE?

VAT e-Fitness is our online self-evaluation tool capable of providing immediate feedback, at a high level, on your current VAT compliance status. 

NEW - KSA Amnesty Questionnaire

In light of COVID-19, the General Authority of Zakat and Tax ("GAZT"), the tax authority in the Kingdom of Saudi Arabia (“KSA”), has announced a number of amnesty measures  focused on tax related issues, including a temporary suspension of the application / enforcement of certain VAT administrative penalties, fines and measures.

PwC has developed a VAT Amnesty Questionnaire to provide companies with a snapshot indicator of their business’ current compliance status in KSA and the potential amnesty savings opportunities available. Click here to take the assessment.

Managing VAT compliance - e-Fitness health-check tool

Why could this be relevant to you? 

PwC has developed "VAT e-Fitness" to quickly and effectively help you identify potential areas of VAT non-compliance and ways for you to better manage the tax issues and exposures that your business may have. 

As such, any company who has recently undergone the challenges of updating complex IT systems, transforming business models or re-evaluating supply chains may wish to undertake this high level assessment. 

Why is it important to maintain VAT compliance and manage your VAT effectively? 

Staying VAT compliant helps reduce the risk of the following: 

  • Loss of VAT, which may impact your financial statements;
  • Potential penalties (up to 50% of the VAT liability) and possible criminal charges;
  • Jeopardising current and future relations with the tax authorities;
  • Reputational damage.

Please see the following flyers for UAE and KSA for more information. 

VAT e-Fitness first steps 

Simply access and answer the questionnaire through the following link

The questionnaire will then automatically calculate your level of VAT compliance and share this as a simple graphic. 

Depending on your results, you may wish to discuss and arrange a meeting with PwC to take the necessary steps below.  

Next steps 

  1. Post evaluation, a greater in-depth assessment may be undertaken using our smart questionnaire to assess and identify the specific areas of concerns, opportunities and risks relating to your business from a VAT perspective. 
  2. Once our in depth assessment is completed, a final report will be provided outlining identified issues, level of VAT compliance and a suggested short, medium and long term remedial action plan for your review and consideration.
  3. The suggested remedial action plan will be at your disposal to help insure effective VAT compliance and VAT management moving forward. 

 The above steps will be subject to further internal risk management clearance from PwC before we can engage in providing the services. 

For further queries, please feel free to contact us at: 

KSA - mer_ksavatefitness@pwc.com

UAE - mer_uaevatefitness@pwc.com

Register for access Already registered? Sign in