GCC Fintax

Contribution by Shahim Mukadam

Bahrain

Ease of VAT return submission for VAT payers whose annual supplies are less than BD 100,000

Shahim Mukadam on 14 January 2020
BahrainsNational Bureau for Revenue (NBR) has announced that VAT registered entities whose annual supplies are less thanBD 100,000 will be able to submit a simp..

UAE

New Turnover Declaration Form added for VAT Registration

Shahim Mukadam on 10 January 2020
UAEs Federal Tax Authority (FTA) has added a newTurnover Declaration Formfor businesses to declare their turnover from 2017 to date. Some existing VAT regist..

GCC

Tax in the GCC in 2020

Shahim Mukadam on 07 January 2020
The new year beginning is a time for businesses to close their books of accounts for the last financial year ending December 31. Large companies will be looking..

Oman

Oman's budget for 2020 doesn't include the VAT

Shahim Mukadam on 06 January 2020
NEWS -Mohammed Jawad, the acting undersecretary of the Ministry of Finance, confirmed thatOmans budget for 2020doesnt include VAT as a source of revenue, indi..

Bahrain

Bahrain Govt. extends third deadline for VAT registration

Shahim Mukadam on 26 December 2019
Bahrain has extended the deadline for Value Added Tax (VAT) registration by a week to 26th December 2019 to give companies that are yet to register some more ti..

Bahrain

Hindsight into VAT in Bahrain

Shahim Mukadam on 07 December 2019
The dawn of 2019 ushered a new beginning in the Kingdom of Bahrain. The Value Added Tax (VAT) went live on a similar pathas the Kingdom of Saudi Arabias, with a..