- VAT in the GCC: The journey so far
JULY 10, 2018
VAT in the GCC: the journey so far
Expert guidance from Lindsay Degouve De Nuncques, Head of ACCA Middle East and Pierre Arman, Thomson Reuters
On 1 January 2018, the UAE and Saudi Arabia introduced the first-ever VAT, a tax on goods and services that consumers must pay at the time of purchase - however other Gulf nations, including Bahrain, Kuwait and Oman delayed the introduction, with the countries currently at the implementation phase. In this video, ACCA speaks to Pierre Arman, Market Development Lead - Tax and Accounting at Thomson Reuters, MENA to gain further perspective on what finance professionals across the GCC can learn from the UAE and KSA implementation, along with key considerations they can take into account now.