INSIGHTFUL
This book is the first of its kind and provides the reader with an understanding of the fundamentals of VAT that has recently been introduced in the GCC Member States. It aims to give the reader an insight into the systematics, functioning and the principles of the GCC VAT systems as well as the implementation by each Member State.


DETAILED AND STRUCTURED
The book follows the structure of the VAT Agreement with additional dedicated chapters on real estate, intra-GCC transactions and financial services. Selective comparisons between the GCC VAT system and the matured EU VAT system are included for the purpose of providing additional insight.

COURSE MATERIAL
Fundamentals of GCC VAT Law has been prescribed as recommended course reading material in GCC tax courses at acclaimed universities, most notably at Middlesex University Dubai. Relevant VAT topics are explained in a straightforward and easy to understand way. Throughout the book numerous examples provide students with additional guidance and insight into these topics.
GCC
Expanding on the VAT systematics and functioning of the GCC VAT Agreement.
principles
Explaining the principles underlying the GCC VAT system.
Implementation
Setting out the local VAT implementation in the UAE, KSA, Bahrain and Oman.
Examples
Providing practical examples on how the VAT legislation is applied