In the ever-evolving global economic landscape, the Gulf Cooperation Council (GCC) region has emerged as a beacon of growth and stability with its favorable business environments and relatively low value-added tax (VAT) and corporate income tax (CIT) rates. This article delves into the various tax implications and tax compliance challenges faced by large global corporations in undertaking their restructuring activities within the GCC region, specifically with a focus on more active economies including the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA) and Bahrain.
Source Baker & McKenzie
