Key Priorities Shaping The Role of CFOs In 2024

Over the past five years, the GCC region has undergone significant changes in its tax landscape, with the introduction of new categories such as excise tax and corporate income tax, alongside adjustments in VAT rates. This evolution has resulted in a more intricate and sophisticated tax system. In response to these changes, Thomson Reuters and the MEA Business Group have carried out their second annual CFO Survey. This study focuses on the insights of CFOs from multinational corporations (MNCs) and family-owned businesses based in the GCC. It explores how they are adapting to this new tax environment and their views on the future development of tax and finance functions, looking ahead to 2023 and beyond.