Leveraging VAT for ESG Goals: A Sustainable Approach for Governments and Businesses

• VAT can be used to advance ESG goals in the GCC region
• ESG criteria are important for corporate strategies and investment decisions
• VAT can support sustainability, fairness, and transparency
• Lowering VAT on green products can encourage eco-friendly practices
• Higher VAT on products with large environmental impact can discourage unsustainable consumption
• Reduced VAT on locally produced goods can impact consumer behavior, production practices, and retail strategies

Source: pwc.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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