RELATED RESOURCES

Taxation in the GCC: Considerations and the Case for Tax Technology


At the beginning of 2016, GCC governments announced that value-added tax (VAT) was going to be introduced in the near future. A few months on, the conversation has moved forward and a go-live date of January 1, 2018, has been confirmed.

Thomson Reuters' Taxation in the GCC provides an in-depth look at the prevalent market conditions and addresses the corporate community’s most pressing questions. In addition to examining the need for taxation, the report details exactly how VAT works, the challenges that both administrations and corporations face in a VAT rollout situation. Most importantly, it highlights the case for tax technology – why do companies need a tax technology; how can technology help; and, what should a sound tax technology provide? .



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Managing the IFRS transition in Saudi Arabia and the role of technology

As part of SOCPA’s Project for the transition to International Accounting and Auditing Standards, from January 2017 Saudi Arabia will move towards International Financial Reporting Standards (IFRS). How will the introduction of this new financial reporting framework impact companies operating in Saudi Arabia? And what role would technology play during this transition?


Download this report to learn more about the challenges that these companies will face in 2017, and how technology can facilitate to streamline this transition.


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BEPS Country-by-Country Reporting: Update and Recommendations for MENA-Based Businesses

In 2013, the Organisation for Economic Co-operation and Development (OECD) published the Base Erosion and Profit Sharing (BEPS) Action Plan. With so many countries joining the framework, what are some of the challenges that multinational enterprises face in Country by Country (CbC) reporting? More importantly, how will BEPS affect companies operating in the MENA region? And how can technology help in overcoming these challenges?


To learn this and more, download the whitepaper by clicking below.


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ONESOURCE Statutory Reporting

Today’s business environment makes it vital to quickly and accurately prepare statutory reporting obligations. However, in order to achieve this, organizations must overcome adversities including heavy manual and time-consuming work, disparate processes, and keeping up with ever-changing legislation in every country around the globe.


ONESOURCE Statutory Reporting standardizes the process of creating statutory financial reports through a centralized platform with a global function. We provide a standard global tool with the local language and regulations for each country, ensuring you will meet your local compliance needs more efficiently and effectively. Updates from the trustworthy experts at the Big 4 allow you to redirect time you’d normally spend on research, formatting and burdensome manual work.


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FATCA & CRS Compliance Software Solutions

The tax information reporting landscape has changed substantially in recent years and is set to become even more complex in the future.


Evolving international tax regulations are challenging organizations around the world to implement new procedures to maintain compliancy. Thomson Reuters ONESOURCE™ offers an integrated solution that combines key requirements for both the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) compliance.


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ONESOURCE Indirect Tax Compliance

Corporate IT departments want to increase performance and scalability, yet finance departments do not want the added expense and demand lower overall costs. As a result, companies are looking for fully integrated solutions with a justifiable return on investment (ROI) that can drive true cost savings for both the finance and tax departments.


Thomson Reuters ONESOURCE Indirect Tax Determination delivers a justifiable ROI and a truly automated solution that gives a consolidated, real-time view of transaction tax exposures worldwide. Our web-based solution determines your company’s liability for sales tax, use tax, GST, VAT, excise tax, and other country specific taxes using the most current tax rates and rules, ensuring timely, accurate, and cost-effective compliance..


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ONESOURCE BEPS Action Manager

The Base Erosion and Profit Shifting (BEPS) Action Plan set forth by the OECD in 2013 aims to close gaps in international taxation and end corporate tax avoidance. As countries around the world enact legislation in accordance with these guidelines, multinational corporations (MNCs) are required to report tax data like never before.


Thomson Reuters ONESOURCE BEPS Action Manager combines research, data management, entity charting, document storage, reporting and analytics in a single solution, guaranteeing worldwide compliance and collaboration in a post-BEPS era.


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ONESOURCE Workflow Manager

An automated tax workflow management software is needed to improve efficiency and control. You need the power to look into projects to check their status at every stage. You need a process that helps you make quick decisions, track accuracy and report with confidence. 


ONESOURCE WorkFlow Manager is a workflow management software that combines document management, data management and collaboration to power your entire tax process. ONESOURCE WorkFlow Manager connects ONESOURCE software on a platform level, and gives you a centralized location from which to standardize and streamline all of your tax work.


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About Thomson Reuters Tax & Accounting

Thomson Reuters Tax & Accounting business in the Middle East and North Africa simplifies the lives of tax and accounting professionals with an integrated suite of solutions designed to streamline global tax and accounting complexity. Our ONESOURCE platform helps you manage your global compliance and risk requirements, from trade management to statutory reporting along with data management and a central document platform.

Through our trusted experts and innovative technology solutions, we empower tax and accounting professionals, corporations, governments, accounting firms, financial institutions, and more, to make informed decisions, increase efficiency, and reduce risk.

For more information, please visit mena.thomsonreuters.com/en/tax-accounting-solutions.html

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