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.”
Over twenty countries have published double-digit annual inflation in the categories of alcohol and/or tobacco over the past three months.
I surveyed three cities in the country from mid-January to early February of this year and I found citizen and expat opinions of the reforms to be mixed.
Countries that rely heavily on oil resources to drive prosperity have long understood the challenge of government funding amid volatile global commodity prices.
The GCC isn’t alone in searching for new ways to raise revenue and curb behavior—similar excise taxes have been enacted worldwide
A move to Saudi Arabia has long been considered challenging for many female expatriates, deterred by the Kingdom’s hard line restriction of women’s rights.