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GCC Indirect Tax Newsletter – Oct 2022 – PwC in the Middle East

Trends in indirect tax in the GCC

The GCC

Customs

  • The GCC AEO: Get ready to unlock customs and logistics benefits across the GCC

The United Arab Emirates (UAE)

Customs

  • Dubai Customs Voluntary Disclosure Program “Self-Audit Finding Service”

Value Added Tax

  • New VAT Public Clarification: Gold – Making Charge

The Kingdom of Saudi Arabia (KSA)

Value Added Tax

  • Saudi Arabia: Approved Rules and Procedures for VAT recovery by Licensed Real Estate Developers
  • Saudi Arabia: VAT guide on Electronic Contracts
    • What constitutes an electronic contract?
    • Validity and status of an electronic contract
    • Examples of electronic contracts and VAT implications
  • Saudi Arabia: Proposed addition to VAT Implementing Regulations

Real Estate Transaction Tax

  • Saudi Arabia: Proposed amendments to the RETT Implementing Regulations

The Sultanate of Oman (Oman)

Value Added Tax
  • Sultanate of Oman: VAT Guide on E-Commerce
  • Sultanate of Oman: VAT Guide on Commercial Agencies

The Kingdom of Bahrain (Bahrain)

Excise Tax

  •  Excise Goods List
  • Digital Stamps Scheme Manual for Importers and Local Manufacturers
  • Local Markets Implementation Milestones on Cigarette Products

Source: PwC

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