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GCC: The Unified Agreement for Value Added Tax (VAT) across the GCC Region has been published in the official gazette of KSA

In another milestone towards the implementation of VAT across the Gulf Cooperation Council, the Unified Agreement for VAT was published in the official gazette of one of the member states, Saudi Arabia. The Unified Agreement provides the framework for the operation of VAT across the GCC. Each GCC member state will implement the framework through legislation and other instruments. This milestone is another reason for companies operating in the Middle East to put in place or further their VAT implementation plans.

KSA: The Unified Agreement for Value Added Tax (VAT) for the GCC Region has been published in the official gazette (updated)

The Unified Agreement for Value Added Tax (VAT) of the Cooperation Council for the Arab States of the Gulf was published by UM AL-QURA in its issue number 4667 dated 21 April 2017. This agreement is to set forth the unified legal framework to introduce VAT in the GCC states which will be imposed on the supply of goods & services and which has been ratified by the Kingdom of Saudi Arabia cabinet (decision number 257 dated 30 January 2017) and issued by royal decree ( number m/51 dated 31 January 2017).

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