Value-Added Tax (VAT)

In November 2016, Signed the Gulf Cooperation Council (GCC) value-added tax (VAT) Framework Agreement (the Framework) along with all other GCC member states. The Framework requires all member states to introduce VAT and establish national legislation, within the agreed parameters.

Any individual or legal entity which conducts economic activity to generate income (i.e. they sell goods or services which are considered taxable) must register for VAT purposes.

VAT is calculated as a percentage of the sale price of goods and services. As per the Framework, one of two rates will apply, depending on the type of goods or services being sold, either 5% (standard rate) or 0% (zero-rated).

VAT is still under the legislation. It is anticipated that will announce Value Added Tax (VAT) law and its Executive regulation in the near future.

We will assist you in:

  • The preparation and submission of the VAT declaration to the General Tax Authority (GTA).
  • Providing training to the companies’ employees regarding awareness about VAT nature and implications.

01

What We Do

Vtandem LLC is growing at impressive and yet increasing speed. In order to involve them right away and offer clients a broader view of what Vtandem LLC is able to deliver on a global scale.

02

Our Approach

We understand that each client is unique and hence, we are open to different engagement models. We have three most frequently employed engagement models by our clients.

03

Our Mission

We are the leading, network of professional service providers with a local service approach. Our commitment to support and inspire small and medium-sized clients with a global reach.

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