The VAT has been a feature of tax systems in over 150 countries all over the world, which has been implemented in some GCC countries from January 2018. An inherent feature of the VAT is the self-assessment nature. Every business which will be VAT registered (or required to be VAT registered) must record, assess and report its VAT obligations and entitlements, in accordance with the law, to the tax authorities.

Early awareness and preparation for the potential implications and opportunities are paramount to ensure smooth transition and optimization of the costs for every organization which is subject to VAT.

Implementation of VAT operating model, within your organization across Finance, Tax and Supply Chain functions. Preparation of periodic VAT returns for filing with the tax authorities (either monthly or quarterly). Training and Coaching Support, including VAT Theory, practical implication of VAT Transformation and Consolidation.

On 15 February 2019, the Kingdom of Saudi Arabia (KSA) General Authority of Zakat and Tax (GAZT) released Transfer Pricing regulations. The rising volume and variety of intercompany transactions and transfer pricing regulations, accompanied by increased enforcement activities worldwide have made transfer pricing a leading risk management issue for global businesses. Transfer pricing refers to pricing arrangements in relation to all aspects of intra-group transactions occurring between related business entities. These include transfers of tangible goods, provision of services, transfers of intellectual property, issuance of loans and other financing transactions, The stakes are high.

We help businesses to build, manage, document, review and defend your transfer pricing policies and processes aligning them with its business strategy. Our transfer pricing experts work with you to build the proactive, pragmatic and integrated strategies that address the tax risks of today’s businesses and help your business achieve its potential.

We work directly with our clients to develop client-specific tax planning strategies that align with specific personal and corporate goals. Our combined team of specialists will identify specific business issues, anticipate all impacted areas and tailor solutions to fit client-specific context and business.

Our International tax professionals assist our clients with their cross-border tax structuring, planning, reporting and risk management. Our market-leading Global tax desk network – a co-located team of highly experienced professionals from multiple countries has revolutionized the way we provide international tax services. We work with you to build proactive and truly integrated global tax strategies that address the tax risks of today’s businesses and achieve sustainable growth.

There are tax implications for each business transaction, whether it’s an acquisition, disposal, refinancing, restructuring or initialpublic offering. Planning for these implications can mitigate transaction risk, enhance opportunity and provide crucial negotiation insights. Our Transaction Tax services comprise professional advisers who can help you do that. By combining diverse cross-border transaction experience with local tax knowledge across a broad spectrum of industry sectors, we can help you make informed decisions and navigate the tax implications of your transaction. Because every deal has a distinct profile, we mobilize wherever needed, assembling a personalized, integrated global team to work with you throughout the transaction life cycle, from initial due diligence through post-deal implementation. Our integrated approach means you gain access to high-quality tax advice, wherever your transaction occurs.

The tax filing procedure requires filling of the declaration with the taxation authority. We help individuals and companies in determining taxable income and ultimately tax liability.

Business valuations are an integral determinant in the decision-making process for M&A transactions, dispute resolutions, corporate restructuring and financial reporting. Being subjective and possibly controversial, an independent and robust opinion is necessary to validate the valuation, which will stand up to scrutiny. We provide valuation support to our clients engaged in merger and acquisition activities by not only considering account characteristics which are specific to a particular industry or geography but also the strategic objectives our clients have for the particular transaction.
Our valuation professionals provide a range of valuation services which includes:

EGCC Corporate Finance team is specialized in the area of financing having many years of experience gathered in transaction structuring, arranging equity financing for companies, project financing, corporate finance advisory and financial modeling. Businesses are under increasing pressure from shareholders and owners to continually optimize the deployment of capital and maximize returns. Our Team will be the right partner for you, ensuring successful project execution for all parties involved. We provide advisory on arranging new financing and refinancing in conjunction with:

EGCC assists its clients in asserting the business idea and supporting the idea with their organization’s strategy. This exercise comprises of industry and market analysis including Demand & Supply Analysis and Competition Analysis. We also perform financial analysis, design financial models and prepare financial forecasts for the entity or proposed project.

In addition, Business plan document includes areas to improve the organization’s structure and devising sophisticated marketing strategy and plan. As per the client requirements and the country investment profile, we aid clients in searching and selecting sources of financing.

In the business plan documentation process, we also perform risk profiling and mitigation strategies for the project. The client eventually emerges from this process with a clearer vision of your company’s future and a focused & feasible roadmap of specific action plans to help you overcome barriers to growth, strengthen competitive position and realize your short, medium and long-term goals.

EGCC would be a one stop solution for our clients in producing business plan or raising financing for a business venture; whether a start-up, management buyout, management buy-in or development in your existing business.

A merger or acquisition can add considerable value to a business, but making sure that each stage of the transaction process—from valuation to negotiation and completion—is successful demands considerable experience and knowledge.

Our services are designed to help our clients reach their strategic goals by identifying and then implementing opportunities to merge with or acquire other businesses.

The global economy means that these opportunities can arise anywhere in the world. Our global reach means that we can provide services on the ground wherever they are needed.

Many drivers can affect a deal; from regulatory restrictions to tax issues. As the world’s largest professional services organization, we can call upon dedicated specialists to address any specific challenges that may arise.

Our global network in combination with our deep industry knowledge means that we are in constant touch with the markets and can spot opportunities and assemble teams to execute a deal as the need arises.

We identify appropriate buyers and will implement a sale to generate the best price for our client.

We have acted in more privatizations than any other professional services organization and have dedicated specialists to advise clients on taking advantage of privatization opportunities.

Our deep industry knowledge means that we can help companies identify other businesses that offer a good strategic fit and assist them with acquisitions, mergers and alliances that allow them to maintain and build their competitive advantage.

We work closely with clients in private equity helping them to make acquisitions and advising on disposals. The extent of our global reach and the depth of our relationships mean that we can frequently spot opportunities for private equity investment and assemble the teams they need on the ground.

EGCC helps clients in post-merger integration to ensure that our clients capture the full value of transactions. Our approach includes effective alignment and culture change, operations management and performance improvements, customer retention, supplier/vendor integration, and intelligent rationalization – backed by detailed, step-by-step implementation support.

Insights provide corporate and portfolio strategy, brand management and market entry strategy for our global clients. We help enterprises develop, build, and operate strong businesses that deliver sustained shareholder value growth. We look at strategy from the outside in, finding strategic insights through a robust understanding of current and future customer priorities. We harness thought leadership in the areas below to deliver breakthrough recommendations to clients.

Insights help clients make critical strategic choices that set the agenda for the enterprise and maximize value. We work with our clients to ensure they get the most out of their portfolio of businesses and to build the businesses they need using proprietary tools. We assist clients to develop a corporate strategy that produces sustainable value, one that enables them to reach full potential in the core business, expand into adjacencies using a repeatable model, and successfully expand into emerging markets.

Attempts to improve performance are often incomplete, resulting in hard-won but ultimately unsustainable shifts in performance. Insights take a holistic perspective that recognizes and leverages the interconnectedness of your business design (starting with the customers you choose to serve through to your assets, activities, and organization) to deliver fundamental, sustainable improvement. Insights uses its customized approach to help clients maximize the efficiency, effectiveness, and impact of their businesses.

Insights is highly successful in helping clients to improve speed-to-market and efficiency by implementing best practices in shared services, where support functions are centralized to provide better, faster services to business units at less cost.

Success today requires a new mindset involving a customer-centric not a product-centric focus, an expansive view of opportunity, and a dynamic perspective on the future market environment. Insights use this discipline of Business Design to consistently create new value for clients.

Strategic planning has become a sterile annual exercise that managers endure, but a few leading companies are creating value through strategic managing by linking strategy and execution. Insights assist its clients in reliably crafting and implementing winning strategies by helping them follow best practices and move from strategic planning to strategic managing.

We place a high priority on developing sustainable restructuring concepts that address both the market and the competitive environment as well as specific factors for success. Insights act as a coordinator for restructuring processes, as an objective expert and a neutral third party who provides quantitatively supported advice to address the interests of management, shareholders, lenders, and other stakeholders. With our experience in strategic, operational, and financial restructuring, Insights offers a complete management solution and a “one-stop-shop” approach to turning around companies. Our core areas of assistance are:

The focus is placed on core markets and potentially profitable business fields. Business operations that destroy value will be closed or divested.

Using our value-driven business design approach, we optimize such business drivers as a company’s customer, product, and technology portfolio, define core skills and bring the organization into alignment with the strategy.

The focus is placed on lean organizations and processes. In particular, this work is aimed at simplifying production networks and increasing efficiency and effectiveness. In addition, purchasing and the entire supply chain are optimized.

On the basis of the strategic repositioning work, the value-focused business model, and operational-excellence programs, we determine liquidity needs and the requirements for a sound capital structure through the use of integrated financial planning. This creates the foundation for a financing concept that optimally weighs the interests and decision-making freedom of all participating parties.

Under this set of management consulting services, we strive helping organizations transform their processes to gain competitive market edge and achieve exceptional results through extensive knowledge base and comprehensive set of capabilities in operations including: procurement, manufacturing, supply chain and support.

Allowing organizations to achieve business goals in the modern environment through changing systems, culture, people and structure. Harmonizing diversified functions and a wide array of knowledge to strengthen the organizational structure that provides effectiveness and a vision to ensure the sustainability of the business in the near future.

Identifying, recruiting and training talent to meet the organizational needs of our clients with the objective of equipping the resources to overcome the challenges of the dynamic business world. We believe in strengthening the workforce that would not only create value for the organization but also prove to be an exceptional asset for the future.

HR Function Transformation Helping clients transform the HR function that provides improved efficiency, effectiveness and overall employee experience, through integrating HR Analytics in HR processes and enhancing HR capabilities that would enable our clients to manage human resources with ease and according to the needs of their business.

Developing leaders at all levels of the organization, through enhancing skills and capabilities of such individuals, at our clients, to address business challenges and manage teams in an effective way. Our training program not only equips future leaders with the tools and techniques that are required to meet job responsibilities but also takes them one step closer to their business objectives.

Designing and implementing HR policies and procedures that would enable our clients to identify, train and retain talent according to their business needs in the current environment as well as the future business goals.

Designing and implementing HR policies and procedures that would enable our clients to identify, train and retain talent according to their business needs in the current environment as well as the future business goals.

Redesigning organizational structure which capitalizes on strengths of the current structure and focuses on eliminating issues experienced by the clients due to current structure. Organizational structure built on the current industrial and technological trends provide a road towards achievement of organizational goals with optimized functions and a brighter vision of the future.

Functional Design Creating harmony between functions within the organizational hierarchy and defining their roles and objectives to support the business needs and provide a path for the achievement of organization goals of our clients.

Governance Structure Developing governance structures on best global practices that would provide unique transformation through swift decision making, better communication and ensure achievement of the organizational objectives for better sustainability in the future.

Providing assistance to our client for change through rationalizing, designing and defining path-way for change. We design and implement change programs to ensure enhance the effectiveness of the organization.

Providing insight to clients about their organizational culture and how it is designed to facilitate an organization in the achievement of its objective and transforming it to meet the current global challenges and satisfying stakeholders through the achievement of business

In our firm, we believe the trust our clients have given us is the most important guideline and motive to prove they were right entrusting us with their legal matters. No matter the issue, replying to clients’ simple question or participation in a complex project, we are fully committed to satisfying our clients’ needs. Therefore, we give our best to provide accurate, reliable and prompt legal solutions for both domestic and international clients. We do this by understanding our clients’ objectives, by developing a strong grasp of their business and their industry, and by building trusted relationships with their people.

We Search, find and Assess Experts and Management talents. We specialize in Direct Search, Executive Search and Non-Executive Director Search.

In Talent Management, we offer solutions in HR Consultancy, Assessment Centers, Emotional Intelligence measurement, Training & Coaching, Career Guidance and Outplacement

We are specialized in Temporary Management and Management Consulting. You can count on our network of over100 Bridge Managers and our **** certified processes.

Exploring and developing Emotional Intelligence can make a difference

Every day, we face a variety of challenges in the workplace: making decisions, meeting deadlines and completing tasks. But how often are we held back by problems caused by pressure, poor communication and unclear objectives? Whether you want to assess a first-stage candidate or a long-term employee, exploring their EQ-i will help you get the most from them. This is where EGCC can really make a difference.

A training and professional development program brings all employees to a higher level so that they all have the requisite skills and knowledge to perform their job responsibilities.

Keeping in view the fact that our staff is the key driver of our business, training becomes essential for their personal grooming and overall productivity of the business.

Our target areas would be ensuring knowledge transfer, managing momentum and commitment, timely completion and dealing with evolving regulations and standards. In order to address your challenges, we have customized our approach to your needs and handpicked a team that has significant hands-on experience. We seek to train managers, leaders, and professionals who come to enhance core skills and to stay ahead of evolving trends through our extensive training and business seminars. Our training is in areas of business management and workforce development.

We work with public and private sector organizations to develop successful leaders and effective organizations through training and professional development programs. Always highly interactive and engaging, our training is dedicated to delivering practical skills that result in real and lasting improvement. Our trainers are well skilled in international best practices with a genuine understanding of local conditions and challenges.

Through training, our approach is to build an effective response to your challenges and needs. Accordingly, we propose training sessions covering the following aspects:

We provide outsourcing solutions, with the aim of reducing operational costs for the clients while preserving, protecting and enhancing the core business strategies and values of our clients. We provide the following outsourcing facilities:  

Independent, quality financial statement audits

Financial statement audits give assurance over information used by investors and the capital markets – a responsibility to the public interest EGCC Audit professionals take very seriously, applying powerful audit routines to create better audit evidence and gain deeper insights, and exploring the role auditors can and should play by engaging stakeholders to better understand their views through EGCC’s ‘Value of Audit’ forum. EGCC professionals – innovating to better serve the capital markets and society as a whole.

Assurance on non-financial information can help you instill confidence in the important decisions that you and your company make.

When organizations think about audit and assurance, they often focus on assurance over the financial statements alone. However, assurance can be applied to all of the information that is used to manage, govern, transact with and invest in an organization. The market is demanding more accountability and transparency from companies in all aspects of their business. Assurance on non-financial information can help instill confidence in the important decisions that management makes on behalf of an organization.

Financial statement audits play a critical role in creating and maintaining investor confidence and can unlock valuable insights into the business.

We – EGCC member firm audit professionals – believe that independent auditors perform the valuable role of being a trusted intermediary between the providers of business information and the users of that information. In the wake of the economic crises and scandals of the past few years, we believe independent auditors are on the cusp of a transformative change. Stakeholders are demanding more transparency, and we are responding - changing how we operate, being proactive in listening to our stakeholders, and embracing Data & Analytics and new processes that are enabling us to make audit more relevant and continue to raise the bar on quality.

Innovation is not a concept traditionally associated with audit. But it is at the heart of our strategy in responding to the unprecedented challenges and opportunities we face as auditors. Core to our mission is acknowledging the responsibility we have as auditors to society and the capital markets. Innovations that lead to enhanced audit quality, like our application of EGCC methodologies to the audit, are important to the organizations we serve

High quality, independent financial statement audits are essential to maintaining investor confidence. EGCC Audit professionals across EGCC member firms are committed to the public interest.

Faced with new market opportunities, ongoing economic challenges, increased pressure to improve risk management effectiveness, and unprecedented regulatory requirements, many organizations are recognizing the need to transform their internal audit and risk management functions to turn these disruptive forces into opportunities.

As the business and regulatory environments continue to evolve, organizations face emerging risks that challenge traditional strategies and assumptions. In this environment, resilience is the key to organizational survival, and companies need to achieve a balance of governance, risk-management, regulatory compliance, and performance.

Leading organizations acknowledge that meeting these new challenges can actually protect and enhance business value and drive operational efficiencies. They need to envision and implement a holistic model that adds value and meets the demands of regulators, the board of directors, and key stakeholders.

EGCC’s Internal Audit Risk & Compliance Services (IARCS) deploys multidisciplinary teams of professionals experienced in financial and operational internal auditing, IT, fraud analytics and risk assessment, shared services, finance management, treasury and financial instruments, and the supply chain to augment and enhance an organizations’ existing internal audit capabilities.

EGCC's IARCS practice works with internal audit directors and audit committees to develop a quality internal audit function that delivers strategic business assurance, identifies business opportunities and enhances organizational value.

Governance, Risk and Compliance continues to be complex business challenge. As new laws and regulations are introduced, their requirements challenge boards to greater levels of transparency, objectivity and professionalism. Increased accountability and potential exposure to liability means directors need to ensure that corporate governance standards are adhered to and robust compliance management systems are in place.

EGCC member firms can assist directors and management to identify the applicable laws and regulations to better understand the regulatory environment. Our approach combines an analysis of the legal framework together with an assessment of the systems and processes which can help to ensure compliance and sound corporate governance

Managing IT risk and compliance

How EGCC member firms can help

Amid an evolving regulatory environment and increased oversight pressures, organizations face ongoing challenges to manage and comply with ever-mounting regulations that are coming their way. At the same time, organizations are focused on managing new and persistent risks to their business, while balancing revenue growth and expense saving business priorities.

In the face of these challenges, managing IT risk and compliance has become even more critical, as IT failures can lead to reputational damage, customer and market valuation loss, and an increase in privacy issues and high-profile legal exposure. In this environment, enhancing IT controls is crucial to help ensure businesses are managed and controlled appropriately, and functioning reliably.

The right technology, implemented properly, appropriately managed and monitored, can lead to significant gains in growth and efficiency. It is essential to get sound business advice to help ensure technology risks are manage