Highlights of GCC Unified VAT Treaty
Introduction The treaty for Value Added Tax signed by GCC nations is finally out in the public domain. The much talked about treaty is being published in the official gazette of the Kingdom of Saudi Arabia (KSA). It is one of the crucial steps in implementation of VAT in the region. The KSA had already […]
Introduction of VAT in UAE
Introduction The GCC nations have announced introduction of VAT from the next year and preparation for the same is in full swing. Kingdom of Saudi Arabia already published the treaty in their official gazette earlier this month and is all set to introduce it with effect from 1 January, 2018. The view of rulers of […]
GCC : Will Growth Rate Continue to Decline?
Introduction Tough days are still on for all six countries of Gulf Cooperation Council (GCC). Various reports and survey including report of World Bank provides for slashing growth rate and tightening of monetary and fiscal policies and increased fiscal deficits. World Bank agrees that the prime reason for this forecast is majorly due to expectation […]
Introduction of Trademark Law in Bahrain
Introduction Bahrain published and introduced trademark law on 29th May, 2016 and with this it became second nation in the Gulf Cooperation Council (GCC) to bring GCC trademark law into force after Kuwait where trademark law came into force in the beginning of this year. The GCC trademark law was initially published by GCC Secretariat […]