VAT OVERVIEW2019-06-10T08:56:39+00:00

VAT Overview

  • GCC (Gulf Co-operation Council) countries have agreed ‘in principle’ to the GCC VAT Agreement to levy VAT (Value Added Tax) in the region.
  • This will help the region to reduce their dependence on oil and other hydrocarbon products as a source of revenue.
  • It is agreed by all the GCC countries that VAT will be introduced in every country latest by 1st January 2019.
  • However, KSA & UAE decided to implement VAT January 1, 2018.
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