Businesses having a presence across GCC need to deliberate however VAT introduction can impact their business dynamics. Value-added tax, being all pervasive, impacts a country’s economy in addition because the industries in that. moreover, VAT impact additionally spills over to the import and export of products and services. The UAE, all along, has business ties
NEW money legislations square measure set to be bestowed to the new parliament to assist the country reach supposed targets within the business balance set up, disclosed government minister Shaikh Ahmed bin Muhammad Al Khalifa. He aforesaid the worth additional Tax (VAT) are explained to businesses and also the public totally before its implementation on January one.
The bill is yet to be approved by the parliament’s upper house, which is expected to hold a similar session later this week. Bahraini legislators approved a draft law on Sunday that will see VAT (VAT) obligatory for the primary