The app will help teach, guide, and influence businesses and individuals alike to understand VAT and how it will impact their companies in the Gulf region once implemented, according to a news report in Zawya.
The Deloitte app is available for iOS and Android devices and it is broken down into different sections that are easy to navigate. It contains learning materials such as whitepapers, videos, industry impacts, e-learnings, infographics and treaties and local laws to help further their understanding.
To test their VAT knowledge, individuals will be able to try basic and advanced level quizzes with unlimited tries. Also included in the Deloitte app is a VAT calculator to calculate costs once the 5% rate is applied and to understand how it interacts with customs duty.
“The Deloitte app will surely accelerate the VAT journey of businesses and individuals and will enable them to get in touch with Deloitte’s VAT and customs experts,” Justin Whitehouse, Partner and Deloitte Middle East Indirect Tax leader was quoted in the report. “The app offers a live knowledge base where professionals can access essential VAT information anywhere using their devices and can get instant and live push notifications of any VAT developments happening throughout the region.”