Michaela Merz


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Saudi Arabia – VAT framework (Unified Agreement for VAT) GCC published


Another milestone towards the implementation of VAT across the Gulf Cooperation Council (GCC), the Unified Agreement for VAT has been published in the Official Gazette of one of the GCC member states, Saudi Arabia. The Unified Agreement provides the framework for the operation of VAT across the GCC, and each GCC member state will implement the framework through local legislation and other instruments. Continue reading


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EU VAT Return per January 2017


704848_web_R_K_B_by_Uwe Wagschal_pixelio.deOn the 23th of October 2013, the European Commission published a proposal to introduce a common system of value added tax as regards a standard VAT return to come into force as per 1 January 2017. Negotiation have resulted in a draft compromised text that has fully denatured the substance of the Commission proposal. Continue reading


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United Arab Emirates to introduce VAT


The UAE Ministry of Finance has conducted feasibility studies on the implementation of a VAT draft law. These studies on taxation and its social and economic implications were conducted for the following years: 2008, 2010, 2012 and 2014. The studies analysed the impact of taxes on the growth of the regional economy and on the UAE’s global competitiveness. Continue reading


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France – reverse charge VAT on imports introduced (PDU – Procédure simplifée de dédouanement avec domiciliation unique)


flag-71112_1280New rules introduced in France now allow European-Union based operators to reverse charge VAT on imports once they have obtained an agreement to use the Single Window Customs Clearance Procedure (PDU – Procédure simplifée de dédouanement avec domiciliation unique). Continue reading