28th February 2017
Member firms located in the Gulf Co-operation Council countries (GCC), which include all Arab states of the Persian Gulf, excluding Iraq, have opted to work together and produce a paper on the forthcoming GCC Tax Reforms.
The paper highlights the GCC Tax Reforms ahead, what Clients need to know and how MGI member firms that are located in the GCC member countries can assist. It is a useful tool for fellow members and their clients with business interests in the GCC member countries that include, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE, but excludes Iraq.
The GCC Finance Ministers held an extraordinary meeting on Thursday 16 June 2016 in Jeddah – KSA to discuss the Value Added Tax (VAT) and Excise Tax treaties. These treaties have been approved in principle, with implementation scheduled from the 1st of January 2018 for most member countries.
DOWNLOAD THIS PAPER (PDF) HERE
Speak to a MGI member operating in the GCC countries
To learn more about this VAT and Excise tax and how it will impact your business, you can contact MGI Middle East & North Africa Area members operating in the Gulf Co-operation Council (GCC) Countries who will be happy to assist you.
You can find contact details on the paper HERE or go to the MGI Middle East & North Africa Area website for their individual member firm profiles HERE
MGI Middle East & North Africa is part of MGI Worldwide, a Top 20 ranked international accounting network of independent audit, tax, accounting and consulting fi rms. For more information go to www.mgiworld.com
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