Tuesday 8 December 2015

GCC countries agree on key issues for VAT introduction | GulfNews.com

GCC countries agree on key issues for VAT introduction | GulfNews.com:

"Countries in the GCC have agreed on key issues regarding the implementation of Value Added Tax (VAT) in the region, but are still in talks about finalising and unifying the process, according to a spokesperson from the UAE’s Ministry of Finance.

The agreement was reached during a meeting a few days ago between representatives from the GCC countries.

“We have agreed to exempt some of the food [products] — approximately 94 items. We have also agreed to apply zero rates on health care and education sectors."



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