VAT to provide over 5,000 jobs in GCC
(MENAFN) Over than 5,000 accounting and finance jobs would be created with the introduction of the Value Added Tax (VAT) in the Gulf region, according to a tax law expert.
"VAT brings good news to current finance and accounting students and graduates as this form of taxation will create ample employment opportunities", according to Paul Drum,Head of Policy at CPA Australia and an expert in taxation laws, in a Dubai tax workshop.
Six member states of the Gulf Cooperation Council signed the Unified Agreement for VAT in which required participant to endorse domestic legislation that would introduce a 5 percent VAT on specific transactions.
"VAT brings good news to current finance and accounting students and graduates as this form of taxation will create ample employment opportunities", according to Paul Drum,Head of Policy at CPA Australia and an expert in taxation laws, in a Dubai tax workshop.
Six member states of the Gulf Cooperation Council signed the Unified Agreement for VAT in which required participant to endorse domestic legislation that would introduce a 5 percent VAT on specific transactions.
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