GCC countries to introduce VAT

Q.  Which Gulf States will tax their citizens for the first time in a major policy shift?
- Published on 15 Dec 15

a. Oman
b. Bahrain
c. Dubai
d. Both a and b

ANSWER: Both a and b
 
6 Gulf states have indicated they will tax citizens for the first time in a massive policy shift. The gulf cooperation council comprising UAE, Oman, Qatar, Bahrain, Saudi Arabia and Kuwait will now introduce VAT following costly military campaigns and a drop in global oil prices. Taxation is an alternative source of income for the Gulf states.

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