The GCC and collective tax reforms: Gulf Cooperation Council (GCC) member countries first agreed to collective tax reforms in 2016, including directives to implement a VAT of 5%, as well as excise taxes, also known as selective taxes, and commonly referred to as “sin taxes.”
With housing supply exceeding demand and the number of incoming expatriates dropping, Doha’s rental market declined over the past year. New construction of housing units continues across Doha, especially in Lusail City, where expats with reduced budgets can find better properties at lower costs.
The rental housing market in Abu Dhabi is coming steadily down due to the high number of quality new properties that have come on the market, as well as fewer expatriate arrivals.
More than a hundred days have passed since the beginning of the Qatar diplomatic crisis, when fellow Gulf Cooperation Council member states Saudi Arabia, United Arab Emirates, and Bahrain, along with several other countries, cut diplomatic ties with the nation of Qatar.
These actions have the potential to impact expatriates, whether they are living in Qatar, are a Qatari citizen expelled from a blockade country or simply flying into or out of the region.