The GCC General Secretariat has received two instruments of ratification from the United Arab Emirates for both the GCC unified agreement for selective tax and the unified value added tax agreement.
The General Secretariat said that the UAE is the second GCC country to deposit the two instruments of ratification. Based on the provisions of both agreements, the agreements goes into effect as from the deposit of the instruments of ratification by the second state, and so the GCC unified agreement for selective tax and the unified value added tax agreement have come into effect. (QNA)