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Tax News from the GCC – August 2021

Including

  • Increasing fiscal competition between UAE and KSA
  • KSA announces new rules of origin
  • FTA publishes VAT automotive guide
  • UAE updates TDRC structures
  •  UAE publishes Excise Tax statistics 
  •  KSA issues circular on VAT refund mechanism for real estate developers 
  •  DAC 7 and the GCC
  •  Kuwait plans introduction VAT and Excise Tax 

Source Aurifer

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