The Unified Agreement for Excise Tax for the GCC Countries

Release Date:	1438-05-03
Release Tool:	Royal Decree
Issuance Instrument Number:	m/51
Validity:	Valid
Date of last amendment:	1447-07-08
Summary:	By AI King Salman bin Abdulaziz Al Saud approved the unified Agreement on Value Added Tax and Excise Tax for the Gulf Cooperation Council countries, based on provisions from the Basic Law and draft resolutions of the Shura Council and the Council of Ministers. The Agreement aims to enhance economic cooperation among member states by establishing unified legal legislation. The Agreement includes definitions and provisions related to excise tax, which is imposed on health-harmful and luxury goods, with ...

Release Date:

1438-05-03

Release Tool:

Royal Decree

Issuance Instrument Number:

m/51

Validity:

Valid

Date of last amendment:

1447-07-08

Summary:

By AI

King Salman bin Abdulaziz Al Saud approved the unified Agreement on Value Added Tax and Excise Tax for the Gulf Cooperation Council countries, based on provisions from the Basic Law and draft resolutions of the Shura Council and the Council of Ministers. The Agreement aims to enhance economic cooperation among member states by establishing unified legal legislation. The Agreement includes definitions and provisions related to excise tax, which is imposed on health-harmful and luxury goods, with ...