The unified...

The unified agreement of Value added tax for countries of Gulf Cooperation Council aims to put a unified rule for applying VAT in countries of Gulf Cooperation Council. VAT will be imposed on the importing of commodities and services. The Kingdom of Saudi Arabia agreed on this agreement. The rules of the unified agreement will be applied, depending on followed systems in all countries of Gulf Cooperation Council. VAT is developed in the Kingdom of Saudi Arabia and its conducting systems.

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