Indirect Tax News
29 March 2016
It was recently announced that VAT is being implemented in the United Arab Emirates from 1 January 2018. The rate will be 5%. The rate will be 5% Healthcare, education and some basic food items will be exempt.
The VAT will be implemented across the Gulf Cooperation Council (GCC) countries (Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain). Unlike the UAE, the other GCC countries have not yet announced whether they are going to implement VAT on 1 January 2018 or on 1 January 2019.
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