PWC: Middle East Tax Leaders Survey Results Launched!
Last week we released the results of our 2022 Middle East Tax Leaders Survey and the findings were encouraging. The tax leaders survey is a great way for us to engage with clients, bringing together the tax community to talk through the trends and more specifically what organisations should be doing in order to stay ahead.
As the region moves into another phase of tax transformation, signaled most recently with the planned induction of Federal Corporate Tax in the UAE, the findings examine three key themes covering:
- the increasing complexity of the tax landscape and how to respond;
- tax department maturity and why this is critical;
- and why the race for tax resourcing is likely to impact businesses sooner than you think.
From the report’s findings it is now evident that the top three strategic priorities for tax functions for the next few years are managing increasing tax compliance requirements and disputes, digital enablement and tax authority relationship management.
Here are some of the key findings from this year’s report:
- 66% of respondents said that there has been an increase in the size of their tax function in the last 12 months.
- 49% of participants experienced a challenge by a tax authority in the past year.
- 79% of tax leaders expect the Middle East tax landscape to undergo ‘extensive change’ in the next three to five years.
- 60% of participants said they will need a larger tax team to cope with increasing regulation.
If you would like to read more about the findings please click on the button below to access the full report on our website, alternatively you can also listen back to the recording of of tax leaders survey findings webinar.
By doing so, you’ll discover how today’s tax leaders are preparing to meet the most pressing challenges of the tax landscape — from navigating the next phase of transformation in tax technology to evolving tax regimes and managing the scrutiny of tax authorities.