Teething problems greet introduction of VAT in Saudi Arabia and the UAE

Saudi Arabia and the UAE went ahead with the introduction of a value-added tax (VAT) as planned on 1 January, with some teething problems quickly becoming evident. The other Gulf Co-operation Council (GCC) members have opted for a wait-and-see approach, although all are still signed up to the principal of introducing VAT eventually.The approaches vary between the two countries at the forefront of the new tax. In the UAE, private education has been given a 0% VAT rate, while in Saudi Arabia it merits a 5% levy. 11/01/2017 Issue 1,051 Read More

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29-30 January

Middle East and North Africa Energy

Chatham House 10 St James's Square London

14-15 February

Saudi Renewable Energy Conference

Riyadh, Saudi Arabia

6-8 March

Middle East Electricity

Dubai World Trade Centre, UAE

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