Introducing a new VAT system


On 16 June 2016, the Finance Ministers of the Gulf Cooperation Council (GCC) held an extraordinary meeting in Jeddah, Saudi Arabia on GCC Value Added Tax (VAT). GCC States – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates that make up GCC – will most likely introduce VAT on 1 Jan 2018 or by 1 Jan 2019 at the latest.

Source: Introducing a new VAT system

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