VAT Implementation in the GCC: Is your business ready?
A value-added tax (VAT) is a tax on all business transactions. Think of it as a retail sales tax; it is not based on the taxpayer’s income but on consumption which is evaluated and collected at each stage. The VAT is going in effect in the six Middle Eastern countries which make up the Gulf Cooperation Council (GCC). In 2018, businesses in Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman will be impacted by the VAT.
In this actionable webinar, you will learn: