On 1 January 2018, the UAE and Saudi Arabia introduced the first-ever VAT, a tax on goods and services that consumers must pay at the time of purchase - however other Gulf nations, including Bahrain, Kuwait and Oman delayed the introduction, with the countries currently at the implementation phase. In this video, we speak to Pierre Arman, Market Development Lead - Tax and Accounting at Thomson Reuters to gain further perspective on what finance professionals across the GCC can learn from the UAE and KSA implementation, along with key considerations they can take into account now.
