FAQs on Value Added Tax in the GCC | Volume 1

Value Added Tax (VAT) is due to be implemented in the Middle East in 2018. This multilingual FAQ document has been prepared to answer your questions about VAT in the GCC and to help you best prepare for the VAT introduction.

Some of the main questions the document addresses are:

1. What type of businesses in the GCC are required to be registered for Value Added Tax (VAT)?
2. Is Value Added Tax (VAT) in the GCC paid on purchases as well?
3. Will the supply of all goods and services attract Value Added Tax (VAT) in the GCC?
4. Can Value Added Tax (VAT) in the GCC credit be claimed on all purchases made by a business?
5. Is there a difference between exempted and zero-rated supplies?
6. Will Value Added Tax (VAT) in the GCC be payable on the export of goods?
7. Will Value Added Tax (VAT) in the GCC be on the import of goods?
8. If services are received by a business in the GCC country from a business outside that country, will Value Added Tax (VAT) be payable?
9. If services are received by a business in a GCC country from a business outside the country, will Value Added Tax (VAT) be payable?