Arab Gulf VAT update
- Oct 29, 2017 | Richard Asquith
The six member states of the Gulf Co-operation Council agreed under the Gulf VAT Treaty this year to introduce 5% VAT as a harmonised, VAT union.
Below is an update of the progress to date:
|Bahrain||May delay implementation until 2019|
|Kuwait||May delay implementation until 2019|
|Oman||May delay implementation until 2019|
|Qatar||Subject to sanctions by some other GCC countries; participation in VAT union now uncertain|
|Saudi Arabia||Introducing VAT 1 January 2018. Legislation and implementing regulations published|
|UAE||Introducing VAT 1 January 2018. Legislation published; no implementing regulations published|
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