Following the implementation of the Value Added Tax (VAT) starting from January 1 st 2018 VAT came into effect for the first time in the United Arab Emirates and Saudi Arabia at a rate of 5%. There was a lot of nervousness about the introduction but overall things have gone well. Due to the stresses…
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Two Weeks Until VAT in the Gulf
VAT will be introduced in the United Arab Emirates and Saudi Arabia from 1 January 2018. It is planned to roll it out to Bahrain, Kuwait, and Oman from 1 January 2019. You can see the UAE law here and the Saudi law here. Businesses will need to make sure that: They are registered if…
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