- E-invoicing is in rise in the ME. Several countries (KSA and Egypt) have introduced such a system or are planning to introduce one.
- Bahrain has increased the standard VAT rate to 10% (from 5%). The new rate generally applies as of 1 January 2022. However, for supplies and imports undertaken under contracts entered into before this date, the previous rate of 5% will continue to apply until the expiry, the renewal or the amendment of the contract, or the elapse of 1 year from the effective date of the new rate, whichever is earlier.
- VAT implementation in Kuwait and Qatar is likely to be delayed until 2024
Source Grant Thornton
