It includes a summary of VAT treatments and rates for certain types of supplies by industry and a comparison on some of the key differences covering tax invoices, partial exemption, record keeping, bad debts, time of supply, imports, transitional rules, blocked input tax, free goods/services and penalties.
Source: KPMG
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
