articles: Middle East

GCC: it's time to register for VAT

With less than three months to go before businesses in the GCC are expected to start accounting for VAT, businesses should be well on the way to being ready. Whilst the Executive Order has not yet been released, the Federal Tax Authority (FTA) is still pushing ahead with its plans to implement VAT.

VAT framework agreed by GCC

All Gulf Cooperation Council (GCC) countries have now signed the Unified Value Added Tax (VAT) Agreement. The framework will form the basis for the national legislation which will be introduced in each GCC country. The framework will be made public shortly.

Changes to the taxation of non-domiciled individuals

The UK Government announced its intention to introduce changes in the tax treatment of non-UK domiciliaries in the Summer Budget of 2015. A process of consultation on those changes has been ongoing. There are still some areas where more information is required, and the details are not finalised, but we have a better sense of what the post 6 April 2017 regime will look like.