5 Major Developments in the GCC Region (Bahrain, Kuwait, Oman & Qatar)

5 Major Developments

• World Cup 2022 – No VAT in Qatar, no need for VAT exemptions

• Crucial regulatory changes in the Omani VAT landscape

• Kuwait election means VAT implementation unlikely soon
• Bahrain progresses VAT e-invoicing launch update – 2024
• Updated list of goods subject to excise tax

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Bahrain

• Bahrain plans to introduce electronic invoicing

• Bahrain Tax Alert: How to prepare for a NBR field audit (18 October 2022)

• Updated list of goods subject to excise tax

• Bahrain progresses VAT e-invoicing launch update – 2024

• Updated list of medicines subject to zero rate of VAT; industry focus groups on e-invoicing

• VAT Registration Guide (Updated)

Kuwait

• Kuwait election means VAT implementation unlikely soon

• Overview of tax policies

Oman

• Crucial regulatory changes in the Omani VAT landscape

• Oman – Amendments to VAT Executive Regulations

• Decision No. 456 of 2022 and Amendments in Oman VAT Executive regulation thereof

Qatar

• General Tax Authority president: No income tax, VAT under legislation

• No VAT Return for Businesses Attending the Fifa World Cup

• World Cup 2022 – No VAT in Qatar, no need for VAT exemptions