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:
Country | Update |
---|---|
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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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara