5% VAT is expected to produce revenues of over $25 billion per annum for the six GCC countries. (Shutterstock) Bahrain will be the next country to implement five per cent value-added tax (VAT) after the UAE and Saudi Arabia as part of the GCC framework agreed between the six states, according to tax experts. David Stevens, VAT implementation leader, EY, expects Bahrain, Qatar and Oman to implement in early 2019 – though no firm dates have been set yet – with Kuwait likely to be the last, perhaps…
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…48 Views | the publication reaches you by | Bahrain News
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ELECTIONS 2018 | THE FIRST ROUND | PART 02