Though VAT is implemented in GCC countries based on the common VAT agreement of 2016, there are differences in tax reporting requirements and procedures related to Reverse Charge Mechanism in various VAT
implemented countries namely the United Arab Emirates, Kingdom of Saudi Arabia, Sultanate of Oman, and the Kingdom of Bahrain. The idea is to shed light on the businesses that are associated with multiple or any of these countries and to understand the legal and compliance requirements to be met as per the law. There were many new procedures that came along with the implementation of VAT and one of the most widely used practices is the requirement of the Reverse Charge Mechanism, its liability, and reporting,
Source: emiratesca.com
