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GCC looks to boost tax take with VAT and ‘sin tax’, new PwC report says

Value-added tax (VAT) has been the main way that Gulf governments have introduced taxation. Currently it exists in three countries and the so-called “sin tax” excise duties are applied everywhere except Kuwait. In 2019, VAT and excise tax accounted for more than a quarter of total tax revenues at $24 billion.

Source: arabianbusiness.com

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