Gulf Countries Revise Tax Regimes to Boost Investment and Growth

In recent years, tax developments in the Middle East have significantly impacted the region’s economy. Governments in the Gulf Cooperation Council countries—Bahrain, Kuwait, Oman, Qatar, Kingdom of Saudi Arabia, or KSA, and the United Arab Emirates, or UAE—have implemented various tax measures to generate revenue, build a foundation for regional development, and reduce their reliance on oil and gas revenue.

These developments stand to further impact the region as GCC countries evolve their tax systems to achieve national goals and…