Over 160 countries in the world (yes, you read it right – nearly 80% of the governments in the world) use sales tax (coined as VAT/ GST) as a major source of their revenue. After years of deliberation, the GCC rolled out a common VAT agreement in 2018, with member states given freedom to implement at their own comfort using their own VAT laws altogether falling within the ambit of the common agreement.
BEST VAT CONSULTANCY SERVICES
Over 160 countries in the world (yes, you read it right – nearly 80% of the governments in the world) use sales tax (coined as VAT/ GST) as a major source of their revenue. After years of deliberation, the GCC rolled out a common VAT agreement in 2018, with member states given freedom to implement at their own comfort using their own VAT laws altogether falling within the ambit of the common agreement.
