VATupdate

GCC Indirect Tax Digest – 29 September 2021

Oman developments

  • The OTA issues a VAT Guide for the Real Estate Sector in Arabic

Bahrain Developments

  • Early reports from Bahrain that the VAT rate may be doubled from 5% to 10%

Kuwait developments

  • Services by Kuwait Customs Go Digital

KSA developments

  • Less than 70 days to e-invoicing implementation
  • Tax and customs committees merge into one secretariat
  • ZATCA announces the possibility of depositing goods under customs duty, tax and restriction suspension arrangement in the “customs deposit zones”

Source Deloitte

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