Value Added Tax in the Gulf: What You Need to Know

    May 2017

    Value Added Tax (VAT) is coming soon to all the member states of the Gulf Cooperation Council (GCC).

    Representatives of each member state of the GCC signed a VAT Framework Treaty (the VAT Framework) in October 2016.

    Although the VAT Framework will form the basis for the domestic VAT legislation in each GCC member state, it is likely that there will be variations in the way it is implemented and applied in each.

    This article begins to explore the implications of the introduction of VAT.