VAT Implementation Another Success Story in ADC

29 January 2018: ADC successfully filed its first VAT return with full compliance with the Government-stipulated requirements, which marks the company’s successful completion of its VAT Implementation Project.

An internal team consisting of Tax Specialist in Finance Hussain Al Matrood, and SAP FICO Consultant Muzib Khan, took the initiative of implementing the VAT compliance regulations within ADC and OFSAT, thereby negating the need to engage a third party except for a quality check, which was carried out by an audit firm.

The government’s strict requirements and deadline made this a challenging project, however it was implemented successfully and went live on 1 January 2018.

As a token of appreciation for their hard work and initiative, ADC management presented the team with memorial shields.