GCC Economy
VAT in the GCC: Unpacking the Impact on Businesses and Beyond
The introduction of Value Added Tax (VAT) in the United Arab Emirates (UAE) and Saudi Arabia in 2018 sent ripples through their economies. Now, five years later, let’s examine the impact of VAT on businesses, trade, manufacturing, consumer behavior, and other key areas. Businesses: Compliance: Businesses had to adapt to new compliance processes, which initially brought challenges […]