• Indirect Tax News – March 2018

Indirect Tax News – March 2018

12 March 2018

Dear Reader,

It is my pleasure to introduce you to our first edition of BDO's Indirect Tax News for 2018.

Since our last edition the authorities in the United Arab Emirates and the Kingdom of Saudi Arabia have grasped the nettle and introduced VAT legislation effective 1 January 2018.

Continuing with news out of the middle east, it appears that increasing oil prices have led Bahrain to defer the introduction of VAT from October 2018 to 1 January 2019, which is when it's also likely to be introduced in Oman, Qatar, and Kuwait.

I'm just back from a BDO VAT Centre of Excellence meeting in Dubai, which was also attended by our colleagues from the GCC region and from BDO India where a new GST system was introduced last July. The activities going on in these regions certainly make it appear that the future of the indirect tax profession will be safe for at least another few years.

And finally, it's noteworthy that automation of indirect tax filings was high on the agenda for our meeting. I expect this topic will be the subject of future editor's notes as the year progresses.

Regards from almost 'springtime' Dublin,

Ivor Feerick

Chair - BDO International VAT Centre of Excellence Committee