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    Question

    Which two Gulf nations introduced the Value Added Tax

    (VAT) for the first time on 1 January 2018?
    A UAE and Kuwait Correct Answer Incorrect Answer
    B Qatar and Oman Correct Answer Incorrect Answer
    C Saudi Arabia and UAE Correct Answer Incorrect Answer
    D Bahrain and Kuwait Correct Answer Incorrect Answer
    E Oman and Kuwait Correct Answer Incorrect Answer

    Solution

    Saudi Arabia and the United Arab Emirates (UAE) introduced the Value Added Tax (VAT) for the very first time on 1 January 2018. The move is a first for the Gulf region, which has long boasted of a tax-free system.

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