Tax technical updates: PwC's Law Firm Services News Alerts

Update on the introduction of VAT in the Middle East

As addressed in PwC’s Law Firm News Alert distributed on April 19, 2017, the members states of the Gulf Cooperation Council (GCC) – comprised of the monarchies in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) – are expected to adopt an 'EU-style' VAT model, whereby each member state adopts national legislation within a set framework. Implementation of VAT is expected to begin as of January 1, 2018.

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