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Gulf Cooperation Council News




Merkel Hopes EU Will Complete FTA With Gulf Nations

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, May 3, 2017

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 Approves GCC 'Sin Tax'

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, April 18, 2017

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 To Create Value-Added Tax Collection Agency

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, April 11, 2017

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

 


UAE Confirms VAT Exemption For Residential Real Estate

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, March 30, 2017

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 Cabinet Approves GCC Selective Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, February 22, 2017

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

 


Qatar To Introduce GCC Sin Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, February 17, 2017

Qatar is planning to introduce a sin tax on luxury items and products that are "harmful to human health and the environment," in line with the unified agreement among Gulf Cooperation Council member states. Read Full Story

 


UAE Confirms Details For VAT From January 2018

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, February 13, 2017

The UAE has provided more details on plans to introduce VAT at a rate of five percent, along with the other Gulf Cooperation Council member states, on January 1, 2018. Read Full Story

 


Kuwait Considering Higher Taxes On Foreign Residents

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, February 1, 2017

Kuwaiti lawmakers are considering controversial proposals to significantly raise taxes on foreigners living and working in Kuwait. Read Full Story

 


Saudi Arabia Dismisses Expatriate Remittances Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, January 23, 2017

Saudi Arabia has said it will not introduce a six percent tax on expatriate remittances. Read Full Story

 


Qatar Urged To Broaden Tax Base

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, January 4, 2017

Qatar should consider revenue-raising reforms, including making Gulf Cooperation Council companies liable to corporate tax, the International Monetary Fund said in its annual Article IV report for the country. Read Full Story

 

 

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