The introduction of VAT and a “sin tax” on tobacco, coupled with the rise of free trade zones that underpin the GCC’s reputation as a global trade hub, are creating a gateway to counterfeit goods and illicit trade across the region.
Source: Albawaba
Latest Posts in "GCC"
- On-Demand Webinar: Digital Compliance Developments in the UAE, KSA & Gulf Region
- GCC Countries Adopt 12-Digit HS Codes: Key Changes and Business Implications
- GCC Adopts 12-Digit HS Codes for Customs
- Middle East: Insights into the tax complexities involved in corporate reorganizations in the GCC region
- Customs duty exemption for Industrial production in GCC countries