United States

Introduction of VAT in the Middle East – What it Means for U.S. Businesses

Tuesday August 15, 2017 1:00 PM - 2:00 PM EDT
From KPMG TaxWatch

KPMG TaxWatch

KPMG LLP (KPMG) invites you to join us for a discussion on the upcoming introduction of VAT in the Gulf Cooperation Council (GCC) countries (i.e., Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates).

More than 165 countries have a VAT or GST system, with the notable exception of the United States and the gulf countries.  As these six countries that make up the GCC have recently agreed to implement a region-wide harmonized VAT system in 2018, the United Sates will soon become one of the only countries in the world without a VAT/GST system.

Who will be affected by the new VAT rules?
All U.S. businesses with activities in the GCC will be affected, as these countries will implement an indirect tax system for the first time. With the move towards a VAT, businesses will need to consider the impact these reforms will have not only on their tax obligations but also on their day to day operations.

KPMG Indirect Tax professionals from the US and other KPMG International member firms will discuss the current status of the VAT implementation in the GCC, specifics of the future VAT system, and how U.S. businesses with activities in the GCC can effectively prepare for the introduction of VAT.

Please join us for what promises to be an insightful and informative Webcast.

 

Philippe Stephanny

Senior Manager, Washington National Tax, KPMG LLP

Clare McColl

Partner, KPMG in the United Arab Emirates

Philippe Norre

Partner, KPMG in Bahrain