The Gulf States will adopt Taxation shortly

The six countries making up the GCC will start taxing people for the first time, says Samuel Osborn in The Independant of Thursday 10 December 2015. “The Gulf Cooperation Council (GCC ) has agreed to introduce VAT following costly military campaigns and a drop in global oil prices. The GCC – a loose federation of Saudi Arabia, Kuwait, Bahrain, Oman, Qatar […]

Inter GCC States debating VAT, Corporate Tax

Gulf States discussions on plans to introduce value-added tax in the region will be finalised by the end of this month, a UAE official was heard of saying.  In fact, there has been question of introducing such measure for almost 10 years. However the recent sharp reduction in oil revenues together with some prior advice […]