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VAT framework in GCC countries

Mesa Tax Guide

VAT framework in GCC countries

KPMG helps to develop a guidebook on the Value Added Tax (VAT) Framework in GCC countries along with the Institute of Banking Studies in Kuwait.

9 September 2018

KPMG in Kuwait assisted in the development of a guidebook on the Value Added Tax (VAT) Framework in GCC countries along with The Institute of Banking Studies in Kuwait. The guide aimed at the financial services sector seeks to provide an understanding of VAT in the GCC. Written in Arabic, the print version of the guide has been made available to all banks and major financial services institutions in Kuwait.

The Institute of Banking Studies in Kuwait is a government body, which contributes effectively to the growth and prosperity of the Kuwaiti banking and financial sector by providing state of the art professional education, training, research and consultancy services that align talent resources, experience, knowledge and skills capabilities within this sector to global standards.
(source: http://www.kibs.edu.kw/)


The guide provides a high-level introduction on the GCC VAT framework agreement, including information on how VAT is expected to be applied in Kuwait, what typically comprise VAT supplies and what business can think about today in order to begin transitioning to a VAT environment. Our VAT experts prepared the technical content used in the guide and provided valuable insights wherever required during the course of preparation of the guide.


Please follow the link below to download a copy of the guidebook for yourself or write us at

kw-fm-KPMGMarkets@kpmg.com for any queries.

 

About KPMG in Kuwait


With nearly 200 employees and 9 partners based in Kuwait, we form part of a global network of more than 200,000 outstanding professionals working together to deliver value in 154 countries, drawing on global industry insights to complement our strong local knowledge.


KPMG in Kuwait operates through its member firms KPMG Safi Al-Mutawa & Partners and KPMG Advisory W.L.L. We provide a full range of audit, tax, and advisory services to a portfolio of clients that includes major corporations, government institutions, public sector agencies, and not-for-profit organizations.

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