Given that public finances are vulnerable to swings in oil prices, rumours that Qatar and other Gulf countries are considering Value-Added Tax (VAT) to diversify revenue sources are welcome. Indeed, the recent fiscal stimulus packages across the Gulf have increased the appeal of taxation as a source of revenue. However, the current political climate will make implementation difficult in the near term.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.