RIYADH: The Saudi Cabinet approved on Monday the Unified Agreement for Value Added Tax, which will be implemented throughout the Gulf Cooperation Council (GCC) starting next year.In a session chaired by King Salman at the Al-Yamamah Palace in Riyadh, the Cabinet gave its nod to the measure after deeming that the Kingdom is ready to implement it, the Saudi Press Agency (SPA) said. The six-nation GCC is composed of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).
Source: Saudi Cabinet approves VAT measure | Arab News
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