India paved the way for GST rollout from 01st July 2017 onwards while GCC Countries as of only UAE and Saudi Arabia are implementing VAT from 01st January 2017.There might my major similarities between Indian GST and UAE VAT,still certain differences have been pointed in this article.Read More
Out of 228 items in the 28% tax bracket, 178 have been put into the lower tax category of 18%, Finance Minister Arun Jaitley announced at a press briefing after the GST Council meet in Guwahati on Friday.Read More
VAT is implemented in the Kingdom of Saudi Arabia with effect from 1st of Jan 2018. Even the first monthly return was due on 28th of Feb 2018. This being a transactional tax change, it has impacted the way business was done apart from the cash flow and P & L to a great extent. This article lists down the ongoing clarifications, press releases and changes post VAT implementation.