VAT Introduction in theMiddle EastInvenio has extensive experience working on multiple tax projectsfor several clients internationally including the Saudi Arabian TaxAuthority. From making sure your systems are 100% VATcompliant, to training and support, Invenio will ensure a highlyqualified team are dedicated to creating your unique VAT enabledsystem.

What needs to change?

Though viewed by many as just an accountingchallenge, the new VAT system has a widespreadimpact on the way business will be done in theregion. Once we have identified the impact of VATon such functions as costing, product pricing, cashflow, procurement, reporting and supply chain,these essential changes will need to beimplemented in the IT framework with the rightpolicies, workflow and controls in place.

Our consultants understand the businesschallenges and with their many years of SAPexperience, they will define new business

processes and design the most effective solution toget the best results from your investment.

What do companies need to do first?

Choosing the right partner to work with your team tomaximise your investment is vital. As a SAP GoldPartner and the company who are implementing thenew VAT and Excise system for the General AuthorityofZakat&Tax inSaudiArabia, Invenio is ideallyplacedto carry out an Impact Assessment for your VATimplementation. This is the first step to identify thescopeofworkneeded for your system tobeVAT readyand compliant.

DESIGNIMPACT ASSESSMENT LIVE

4 WEEKS 2 WEEKS1 WEEK 1 WEEK

Project Requirement• Project setup• High level VAT impactVAT Technical• Mapping of transactions• Identify compliance requirementsBusiness Processes• Review of business functionsTechnology• Communication plan• Review of IT changePeople and Organisation• VAT Awareness training• Implementation plan

IMPLEMENTATION

• Review legislation• VAT decision flag• Business Impact modelling• VAT add-on system• IT design• VAT compliance function

• IT testing• User training• VAT manual and procedures

• Registration• Review of first returns• Multi-disciplinary approach• Run VAT functions on to a single

platform with a consistent user interface

Contact:Regional Managervishal.khetwani@invenio-solutions.com

Sales Director for EMEAmatthew.hembrow@invenio-solutions.com

Why work with Invenio

1. In 2014 Invenio implemented the SAP-based Tax & Revenue Management system for the Saudi Governmenttax collection agency. Based on the excellent results of this project, we are currently implementing VAT & ExciseTax into this system. We understand the entire set of requirements from the tax authority’s perspective to becompliant

2. Our consultants in Saudi Arabia and UAE have extensive VAT experience in the region and bring global bestpractices having worked on multiple tax projects internationally

3. The GAZT implementation project has already won a 'SAPQuality Award'. An award which demonstrates ourhigh standards which we maintain across all our projects

4. In 2016, Good and Services Tax (GST) was introduced India. We helped multiple companies successfullyupdate their SAP system to incorporate the new tax

VAT enabled system

Changes in output forms to reflect VAT relevant changes

VAT reports - detailed tax lines and summary

Training for key users

2 weeks of post go-live support during operation and returns filing

Project deliverables:

UAE+971 561313537

Saudi Arabia+966 535280154

www.invenio-solutions.com

Invenio solves business challenges using the latest technology with a focus on SAP solutions. Through ourextensive global experience, we understand the SAP finance system and company requirements. As well assupporting your VAT implementation we can also deliver superior financial reporting with a more efficient andaccurate system using our suite of Financials Solutions. Visit our website for more details.