GCC Tax VAT Alert Jan 2017
This e-newsletter gives you an overview of GCC VAT developments being reported regionally for 30 January 2017.
A number of challenges lie before the Gulf Cooperation Council (GCC) countries in meeting the deadline for introducing Value-Added Tax (VAT). I believe that the current lack of certainty pertaining to the ratification and release of the GCC VAT Framework Agreement, as well as the lack of domestic legislation puts the implementation of VAT at a risk of delay against the original intended date of January 2018.
© 2017 KPMG Fakhro, a Bahrain partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. KPMG and the KPMG logo are registered trademarks of KPMG International, a Swiss entity. All rights reserved.