utworzone przez Marcin | mar 5, 2019 | VAT Radar
VAT Refunds in Saudi Arabia may be applied on a quarterly basis in a calendar year, with a final single annual claim by June 30th of the following year. The minimum claim amount for Saudi Arabian refunds is Riyals 1,000. Now, VAT return filing involves a set of...
utworzone przez Marcin | lut 28, 2019 | VAT Radar
Kuwait and Qatar are the only two remaining GCC member countries which have delayed the implementation of the VAT system. The budget committee’s decision is not to implement the VAT before the year 2021, since they don’t see the need to expedite VAT for now. Even...
utworzone przez Marcin | lut 26, 2019 | VAT Radar
Oman government is looking to implement a standard 5% VAT regime starting from September 1st, 2019. After the 6 GCC countries (Saudi Arabia, Oman, Qatar, UAE, Bahrain and Kuwait) signed the VAT framework agreement in 2017, Saudi Arabia and UAE have been the only...
utworzone przez Marcin | lut 21, 2019 | VAT Radar
Bahrain parliament has approved the introduction of VAT at the expected standard rate of 5%, effective from January 1st, 2019. Bahrain’s VAT laws slightly differ in some key areas from the corresponding legislation introduced in UAE and Saudi Arabia, where it...
utworzone przez Marcin | lut 19, 2019 | VAT Radar
The Gulf Cooperation Council (GCC), (an alliance of six Middle Eastern countries- Saudi Arabia, Kuwait, UAE, Qatar, Bahrain and Oman), has implemented VAT and the 6 countries have signed the agreement, paving the way for introduction of VAT throughout the GCC in 2018....
