GCC Countries VAT Implementation

The Gulf Cooperation Council (GCC) is a group of six countries in the Middle East — Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain. These countries have a lot in common when it comes to their culture, economy, and political goals. Historically, GCC economies have heavily relied on oil and gas revenues. However, fluctuations in global oil prices have underscored the need for economic diversification.