Saudi Arabia releases its draft VAT implementation regulations, which will now be open to public consultation.

The consultation period will enable businesses to share their views on the Draft Regulations by 19th August 2017, before finalising the regulation. 

This development marks a pivotal stage in VAT implementation across the GCC, which is anticipated to go live on 1 January, 2018.

To view the draft regulation click here, likewise read our brief summary which showcases the highlights in respect of the regulation.

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