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.
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