(MENAFN) The implemented Valued Added Tax (VAT) in GCC nations is projected to start a massive wave of digital transformation as businesses prepare to ensure compliance with the new tax law.
Accordingly, 73 percent of businesses consider VAT implementation as a key chance to start wider digital transformation projects amid their organization.
Meanwhile, cloud adoption through GCC nations is increasing at a fast pace and becoming main stream as businesses now realize that cloud apps offer them speed, innovation and better return on investment.
Additionally, 47 percent of respondents proclaimed that they are waiting more guidance from local governments before starting their VAT compliance project.
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