Tag Archives: value added tax in middleeast

Simplifying VAT compliance in Sage 300 for your enterprise

In a collaborative approach to diversifying revenue sources, the states of Gulf Cooperation Council (GCC) – UAE, Saudi Arabia, Bahrain, Kuwait, Oman and Qatar have signed a unified agreement confirming their intention to implement Value Added Tax (VAT), an indirect tax, across the region starting Jan’ 2018. A benchmark of 5% VAT is levied at… Read More »