Gulf Cooperation Council News

UAE Issues VAT Guidance On Exported Services
by Jason Gorringe, Tax-News.com, London
Friday, July 24, 2020
The United Arab Emirates' Federal Tax Authority has released VAT Public Clarification no. 019, clarifying the rules surrounding the zero-rating of exported services. Read Full Story

Saudi Arabia To Treble VAT Rate To 15pc In Response To COVID-19
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, May 15, 2020
Saudi Arabia has announced its decision to increase its headline value-added tax rate to 15 percent from five percent, in a surprise break from the Gulf Cooperation Council's harmonized value-added tax framework. Read Full Story

Oman Says VAT Not On The Backburner
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, August 8, 2019
Oman's Government has released a statement confirming that it is preparing to introduce VAT legislation into parliament to implement the levy without delay. Read Full Story

Kuwait Again Tables Expat Tax Proposal
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, May 10, 2019
Legislation has again been tabled before Kuwait's legislature to introduce a tax on expat remittances. Read Full Story

Bahrain Commits To Introducing VAT This Year
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, February 28, 2018
Bahrain has committed to pushing towards the introduction of the Gulf Cooperation Council's value-added tax framework by the end of the year. Read Full Story

Saudi Arabia Legislates To Absorb VAT On Education
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, January 12, 2018
Saudi Arabia's tax agency has set out the arrangements through which Saudi nationals will not bear the value-added tax that must be charged on education services under the Gulf Cooperation Council's harmonized value-added tax, which was introduced from January 1, 2018. Read Full Story

Saudi Confirms VAT Rules For Hire-Purchase Contracts
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, January 8, 2018
On January 3, 2018, Saudi Arabia's tax agency announced an exemption from VAT for lease-to-own and rent-to-own contracts of assets (for example for automobiles or real estate) delivered before January 1, 2018. Read Full Story

United Arab Emirates, Saudi Arabia Introduce Value-Added Tax
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, January 1, 2018
Having introduced value-added tax on January 1, 2018, the United Arab Emirates and Saudi Arabia became the first two states of the six-member Gulf Cooperation Council grouping to follow through on the bloc's commitment to introduce a harmonized value-added tax. Read Full Story

Bahrain To Begin Levying GCC's Selective Tax
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, December 28, 2017
Bahrain's Cabinet has approved the introduction of the Gulf Cooperation Council's so-called selective tax on unhealthy commodities from December 30. Read Full Story

Oman Confirms No VAT In 2018
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, December 27, 2017
Oman has officially stated it will not be joining the United Arab Emirates and Saudi Arabia in introducing the agreed Gulf Cooperation Council value-added tax until at least 2019. Read Full Story
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