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Taxflash 18 June 2020

Amendments to the VAT implementing regulations (IRs) increasing the standard VAT rate to 15% have been released. Other sections of the IRs have also been amended, particularly with reference to individuals selling real estate. More information in this week’s TaxFlash.

Solution spotlight – Services for e-billers

COVID-19 has seen an explosion in online payments by consumers – hampered by a combination of government restrictions and an unwillingness to venture outside – to retailers. However, e-billing services come with potentially serious information security and business continuity risks. Questions that should be asked by consumers include:

  • How secure is the app or portal?
  • Is card data stored, processed or transmitted?
  • Is the app disaster-proof?

For more information, please download our solution spotlight, or contact our market-leading IT consulting team.

Taxflash 4 June 2020

Our Tax webinars have been an ongoing success. The Tax team are hosting a webinar, in Arabic, discussing the Saudi Arabia 15% VAT rate next week, Tuesday 9 June at 10AM. More details on how to register in this week’s TaxFlash – or contact Fatema Ghaith for more.

Solutions spotlight – eCommerce

The world that we once knew is being redefined. Retail businesses, in particular, need to show their resilience and adaptability by transforming product and service offerings. With social distancing becoming part of the ‘new normal’, marketplaces must switch to digital. At Keypoint, we work with businesses to develop engaging e-commerce apps and websites that offer customers a stress-free shopping experience. With a focus on quick turnaround times, robust infrastructure and meeting customer demand, we help businesses develop cost-effective solutions to reinforce operations during these uncertain times.

For more details on how we can help get your business on-line, download our e-Commerce flyer or contact our IT consulting team.

 

Solution spotlight – BCM

Business continuity risks, such as employees’ absence or IT failures may seem not to matter until something happens – but when that something happens, nothing else seems to matter. As we have seen with the COVID-19 pandemic, business continuity – the ability of a business to continue to function despite disturbances – encompasses a variety of drivers, from strategic and competitive to regulatory and operational, impacting critical resources. For more details on how business continuity can add resilience to your business, please download our flyer or contact our IT consulting team.