Regulation, Risk & Compliance
Tax
Uncategorized
5% VAT 'a starting point' for GCC, says banking chief
Gulf Cooperation Council (GCC) states could see higher rates of value-added tax (VAT) in the future, with the current five percent rate applied in the United Arab Emirates (UAE) and Saudi Arabia seen as a ‘starting point’, according to one UAE banking executive. Pointing out that he was speaking in…
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