SAUDI ARABIA

GCC tax authorities seek to boost mutual cooperation

October 12, 2020

RIYADH — Tax authorities of the Gulf Cooperation Council member states sought to strengthen mutual cooperation and develop mechanisms for exchanging tax information as part of the group's efforts for economic integration.

In a virtual meeting held on Monday at the GCC General Secretariat, GCC tax chiefs also discussed ways to enhance cooperation to implement two unified agreements for value-added tax (VAT) and selective tax in the GCC states, in a way that contributes to facilitating trade exchange among the GCC member states.

Saudi delegation to the meeting was headed by Governor of General Authority of Zakat and Tax (GAZT) Suhail Bin Mohammed Abanmi.

Commenting on the meeting, the GAZT governor stated that the authority’s participation stems from its role in representing the Kingdom in regional and international organizations, bodies, forums, and conferences related to tax administration. — SG


October 12, 2020
240 views
HIGHLIGHTS
SAUDI ARABIA
13 hours ago

Saudi Arabia chosen to chair UN Committee on the Status of Women in 2025

SAUDI ARABIA
14 hours ago

Car agents directed to receive only a portion of price as deposit while booking cars

SAUDI ARABIA
15 hours ago

Punitive measures against more firms for organizing illegal lottery prize draws