VAT in the GCC13 Dec 2018
LEGAL UPDATE: VAT has applied in the UAE and in Saudi Arabia (KSA) since 1 January 2018. Bahrain's VAT goes live on 1 January 2019, with Qatar and Oman expected to follow suit in 2019. Kuwait is indicating it will implement in 2021. In the UAE and KSA there...
Two transitional arrangements which applied when VAT was introduced in Saudi Arabia come to an end in December, requiring action by businesses, according to Joanne Clarke a Middle East VAT expert at Pinsent Masons, the law firm behind Out-law.com.
Financial regulators in the UAE have agreed to implement a passporting regime, facilitating the licensing of funds by each regulator for promotion across the UAE.