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The United Arab Emirates' Ministry of Finance has confirmed that residential property will be exempt from the Gulf Cooperation Council value-added tax when it comes into force in January 2018, but that a five percent rate will apply on sales or leases of commercial property. Read Full Story
Saudi Arabia's tax authority has launched a public consultation on the draft law governing value-added tax, which is being introduced in Saudi Arabia and in the other Gulf Cooperation Council countries from January 1, 2018. Read Full Story
Qatar's Cabinet has approved the introduction of value-added tax at a five percent rate, as part of an initiative among Gulf Cooperation Council states. Read Full Story
The Governor of Kuwait's Central Bank has said he opposes calls to introduce a remittance tax in the country, saying that the measure would damage its economy and financial reputation. Read Full Story
The Gulf Cooperation Council has launched an anti-dumping investigation covering steel pipe exports from China. Read Full Story
German Chancellor Angela Merkel held a number of meetings recently to push the conclusion of a free trade agreement with the Gulf Cooperation Council (GCC) nations – Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar, and Oman. Read Full Story
Saudi Arabia's Shura Council has approved the introduction of the "selective tax," being rolled out across the Gulf Cooperation Council (GCC) member countries. Read Full Story
Qatar has taken steps to establish a separate and independent tax authority ahead of the introduction of value-added tax in 2018. Read Full Story
The United Arab Emirates Government has said that residential property will be exempt from its new value-added tax (VAT) regime but a five percent charge will apply to commercial property. Read Full Story
Saudi Arabia's Cabinet has approved the introduction of the "selective tax" that is being rolled out across the Gulf Cooperation Council member countries. Read Full Story
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