VAT Alert - February 2017

27 February 2017

The clock is ticking and we are getting closer to the time when the details of the much debated indirect taxes are being revealed. Recently, Bahrain’s Minister of Finance and Saudi Cabinet in the Kingdom of Saudi Arabia have signed the unified Gulf Cooperation Council (GCC) Framework for Value added Tax (VAT) to be implemented from 2018, and GCC’s unified law on selective excise taxes from second quarter of 2017.