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The Value of Due Diligence
In the business world, due diligence is commonly used in mergers and acquisitions (M&A) transactions, where one company intends to buy another. In these cases, due diligence typically refers to the process of investigating a target company's financial and operational condition prior to the acquisition. The goal is to identify any potential problems or risks that could lessen the value of the target company or make the deal less attractive. Failure to conduct due diligence can have severe consequences, as illustrated by the Enron scandal.
Zakat and Tax Home
Blog
The Value of Due Diligence
In the business world, due diligence is commonly used in mergers and acquisitions (M&A) transactions, where one company intends to buy another. In these cases, due diligence typically refers to the process of investigating a target company's financial and operational condition prior to the acquisition. The goal is to identify any potential problems or risks that could lessen the value of the target company or make the deal less attractive. Failure to conduct due diligence can have severe consequences, as illustrated by the Enron scandal.
Financial services Home
Sustainability
From voluntary to mandatory ESG: How banks can future-proof their operations
As we move from voluntary ESG initiatives to mandatory legislation, we explore what the banking sector needs to prioritise.
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GrowthiQ
Lessons on big data from the healthcare sector
The healthcare sector is still experimenting with using big data but, as Anne McGeorge the national managing partner of healthcare at Grant Thornton US shares, it already has plenty to teach us about the benefits and challenges of big data analytics.
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Aviation Insights
Preparing for the return of travel
From liquidity to debt and restructuring, we address the diverse and complex
challenges faced by airlines, leasing companies and aircraft funds in particular.
We also consider implications for employers and how financial planning for the
medium and long term will be affected.

The Government of Oman in October 2020 announced the long-anticipated Value Added Tax (VAT) Law. The Law will be effective from April 2021 and will create significant impact for businesses who operate in the country. To support businesses with their implementation, the Oman Tax Authority has released the VAT Implementing Regulations on 14 March 2021, which signifies the countdown to implementation in just under 33 days.
In this article
During a recent webinar organised by Thomson Reuters, focusing on VAT implementation across Oman, industry experts shared their insights on how to prepare effectively. Following on from the session, Tax Expert, Ganesh Nair of Grant Thornton Saudi Arabia shares an overview of the elements which Omani businesses may need to consider, following the attached lessons learnt during the implementation of VAT across Saudi Arabia.
Preparing for VAT in Oman
We share an overview of the elements which Omani businesses may need to consider, following the lessons learnt during the implementation of VAT across Saudi Arabia.