Doubling of VAT approved by Shura Council





The Shura Council today approved doubling the Value Added Tax (VAT) from five per cent to 10pc.

The decision to hold a debate behind closed doors followed a request by 15 members.

Last Tuesday, the MPs had approved amendments to the 2018 VAT Law, also following a debate behind closed doors.

The 10pc VAT will be now ratified and implemented on January 1, 2022.

Full report in tomorrow’s GDN


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