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GCC Tax News – 24 November 2022

Bahrain

  • Goods sold at Jewellery Arabia 2022 to be zero-rated
  • NBR releases statistics for Q3 2022
  • Gulf Cooperation Council (GCC) ready for Free Trade Agreement (FTA) negotiations with European Union (EU)
  • NBR to host VAT workshop
  • NBR organizes focus group sessions for e-invoicing

Kingdom of Saudi Arabia (KSA)

  • Zakat, Tax and Customs Authority (ZATCA) issues updated customs procedure manual
  • ZATCA to host Zakat workshop
  • Customs services rules for Integrated Logistics Bonded Zones (ILBZ) released

United Arab Emirates (UAE)

  • Federal Tax Authority (FTA) announces EmaraTax launch date
  • Dubai Customs Authority announces public auction
  • FTA publishes amendments to VAT Executive Regulations

Source: KPMG

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