Michaela Merz


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United Arab Emirates: New VAT developments in the GCC and guides being released by the FTA in connection with Article 53


I would like to inform you about the application of Article 53 of the VAT Executive Regulations and sets out guidance on non-recoverable VAT relating to entertainment / hospitality.
The guidance sets out detail and examples which are to be considered to determine whether or not costs incurred are to be seen as for business purposes and therefore recoverable for input tax purposes. In summary, the clarification covers the following key aspects: Entertainment provided to non-employees, Entertainment provided to employees, Definition of entertainment services. Continue reading


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Upcoming webcast: VAT in the Gulf Cooperation Council (GCC)


I am delighted to invite you to the next in our series of Global ITX webcasts – VAT in the GCC, one month after implementation.

Date:   February 13, 2018
Time:  3:00pm – 3:30 CET (9 Eastern)

This webcast will update you on the latest VAT developments, since go live on 1 January 2018, Continue reading


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Introduction of VAT in the GCC – important developments


There have been two important developments in the GCC which could be of interest for you and probably require your attention: Continue reading


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Kingdom of Saudi Arabia : English translation of VAT regulations


In concert with other Gulf Cooperation Council (GCC) countries, the Kingdom of Saudi Arabia (KSA) is implementing Value Added Tax (VAT) on January 1st, 2018.

The GCC Framework Agreement, known fully as The Unified VAT Agreement for The Cooperation Council for the Arab States of the Gulf, sets out the agreed upon VAT principles and framework across the GCC Member States. Continue reading


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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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India – Implementation of GST in 2017


649152_web_r_k_b_by_katharina-wieland-muller_pixelio-deThe Goods and Services Tax (GST) bill was passed in Indian Parliament (Rajya Sabha on August 3 and has been approved by the Lok Sabha on the 8th August). It has been ratified by 50% of the states. The government is aiming for an implementation date of 1 April 2017. However based on the feedback received from our colleagues, the industry is hoping that such date could be delayed to July 2017 as a lot remain to be done to allow the implementation. The new GST Law will impact IT systems, accounting processes, contracts and business models. Continue reading