The introduction of VAT to the Gulf Cooperation Council (GCC) is a challenge for many companies. However, at SAP Concur, we believe you don’t have to know everything there is to know about VAT. You just need to master the essentials. And we’re here to help.
First, we offer an expense audit solution to check for fraud and non-compliance. Secondly, we work with a number of specialists, including our preferred partner VAT IT, to help you comply with your VAT obligations. Thirdly, we give you visibility and control over all aspects of your travel and expense spending, whether you pay employees per diems (daily allowances) or are considering moving to actuals.
Crucially, we see VAT reclaim as an opportunity to reduce the overall cost of travel and expense management and put money back in your budget. VAT isn’t supposed to be a complex extra cost to your business (it’s an indirect consumption tax on consumer expenditure), so eff ective recovery will minimise its impact.
