GCC – tax expectation in 2021

13 Jan, 2021

GCC – tax expectation in 2021

Amrita Vidyarthi

- Tax Manager, Fugro Middle East

The year 2020 witnessed the world settle into a new normal – both socially and economically. Governments across the world have made attempts to revive domestic economy by rolling out stimulus packages.  As a result, Governments are also in the look out for alternate sources of funding in 2021 budget. Middle East has not remained untouched by this pandemic.

Global attention was drawn to GCC with the introduction of VAT in 2018 in two major economies of the region that was presumed to be devoid of taxes. Though factually, GCC always imposed tax and fees

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