New tax rates will range from 50 to 85% based on the firms' investment, said a report.

Posted: March 27, 2017

As part of a region-wide drive to diversify income sources for public services, all six GCC states are poised to introduce VAT on goods and services as early as January 2018. Considering that the region has long held the tax-free tag, what impact would the new tax regime have on the private sector? What measures must HVACR companies undertake to prepare for compliance? And, perhaps more importantly, how soon should they start preparing?

Posted: December 28, 2016