GCC-VAT-Introduction-Update-(Feb-17) | KPMG | BH
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GCC VAT Introduction Update (Feb 17)

GCC VAT Introduction Update (Feb 17)

GCC VAT Introduction Update (Feb 17)

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Today, the Minister of Finance in the Kingdom of Bahrain announced the signing of the unified agreement for Value Added Tax (VAT) and Selective Tax in the Gulf Cooperation Council (GCC) countries. The Minister outlined that the agreement would come into effect after going through the legislative and constitutional processes by the concerned authorities.

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