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    • Gulf UK Based Global VAT and Tax Compliance Consultants
    24
    Feb

    GULF VAT UPDATE


    The Governments and business across six Gulf states are getting ready for the implementation of Value Added Tax from 1 January 2018. The new consumption tax has been set at 5% across the region with the hope of boosting trade. There however remain a number of hurdles ahead for businesses, including, a lack of local expertise in VAT, no legislation published which makes for an very tight timetable, for competitive industries, companies may not be able to pass on to the final consumer the full VAT charge, meaning a hit to profit margins as well as a number of others…


    Essentia Global Services – European / International / Global vat tax compliance consultants and management agents.
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    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.