VAT in the GCC - PwC: Audit and assurance, consulting and tax services

VAT in the GCC - PwC: Audit and assurance, consulting and tax services www.pwc.com/m1/en/tax/documents/what-is-vat-faq-on-vat-in-the-gcc.pdf PwC Introduction Value Added Tax (VAT) is an indirect tax on consumption and it applies to most goods and services. VAT is levied on business transactions, i.e. on goods and services supplied in the course of business. Although VAT applies to most goods and ...