Gulf Cooperation Council VAT update

GCC Updates

Qatar

1. Excise Tax and GTA Website Update

The Qatar General Tax Authority ('GTA') has redesigned the Tax website, allowing it to be operational in both English and Arabic. The website aims to provide vital information regarding any new taxes which may be implemented, particularly emphasizing the Excise Tax which has come into effect on January 2019.

The English version of the website can be accessed here

KSA (Kingdom of Saudi Arabia)

1. Islamic Finance VAT Guide

The General Authority of Zakat and Tax ('GAZT') in KSA has published English version of the Islamic Finance VAT guide, which was previously only published in Arabic. This guide provides clarity on the treatment of Islamic Finance products, and provides detailed information regarding the nature of these products and their related transactions.