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A guide to VAT in the GCC
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Life after go-live: The ongoing puzzle tax teams must solve
Tax teams rarely have chance to catch their breath. Once you’ve managed to create the right structure to achieve compliance, whether that be with a new set of regulations, a new country or territory for the business, or perhaps a new area of business itself, it’s time to move on
The calm before the storm: Why Saudi Arabia’s tax amnesty could be a window into the future
Businesses have just three weeks remaining to benefit from the tax amnesty currently available in Saudi Arabia. The deadline for submissions under the amnesty is 31st May, allowing companies a final chance to have outstanding or potential penalties waived on a variety of taxes, including VAT, Corporate Income Tax and
5 years of VAT in the GCC: Our review and predictions
The upcoming fifth anniversary of VAT being introduced in the GCC (Gulf Cooperation Council) seems an ideal opportunity to look back at the successes and surprises of the last half-decade, as well as consider what the coming years are likely to hold for businesses trading in the region. What’s the
Bahrain ‘set to increase VAT to 10%’
Bahrain is reportedly planning to double its standard VAT rate to 10% as it seeks to boost state revenue and tackle one of the Middle East’s most severe budget deficits. If it confirms the increase, it will become the second Gulf Cooperation Council (GCC) member to raise VAT from the
VAT in the Middle East: What’s the latest?
VAT in the Middle East is relatively new compared to the more mature regimes of Europe, meaning updates, improvements and rule changes are still common as authorities seek to achieve a fair, robust and effective system. As we head into Q2, we’ve taken a look at some of the looming