Trade Agreement UK And EU

On 1 January 2021, the United Kingdom has left the EU Single Market and Customs Union, and all EU policies. Although it is goods that a Trade Agreement has been reached, the separation can still be qualified as a ‘Hard Brexit’.

Getting Ready For Value-Added Tax In The Gulf States In 2018

The member states of the Gulf Cooperation Council (GCC) Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates (UAE) aim to have a local VAT-system in place in 2018. While Saudi Arabia and UAE apply their VAT legislation as per 1 January 2018, other Gulf states will introduce their VAT system later.