Guide to the issues involved in the GCC's plan to implement value-added tax in 2018.
The new VAT law has come as a shock to many businesses – especially small enterprises – who are accustomed to operating in a low-tax environment. With falling oil prices and increasing global competition, GCC countries need to diversify their economies.
|Drake & Scull Group||6.73%||85,304,495|
|Methaq Takaful Insurance Company||1.35%||2,374,239|
|Dar Al Arkan||-1.43%||108,485,854|
|Zain Saudi Arabia||-1.1%||3,980,789|
|Al Tayyar Travel Group||2.11%||3,902,707|
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