GCC nations look to adopt VAT 'within a year' - Asia Rising TVAsia Rising TV
GCC nations look to adopt VAT ‘within a year’

GCC nations look to adopt VAT ‘within a year’

Policy makers in the six-nation Gulf Cooperation Council are aiming to introduce a five percent value-added tax at the start of next year, despite administrative and technical obstacles, a senior United Arab Emirates finance official said on Sunday. The GCC, its finances strained by low oil prices, has long planned to adopt the tax in 2018…

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