The Unified Gulf Cooperation Council Value Added Tax framework agreement was released on 3 May 2017 Member states are expected to pass their individual laws relating to VAT.
UAE and KSA planned to implement VAT in their countries by the first quarter of 2018. Other GCC countries are expected to implement VAT by January 2019.
The Minister of Finance, Shaikh Ahmed bin Mohammed Al Khalifa, announced that the Excise Tax on Selected Items Law would come in force early 2018. As stated in the law, the tax rate will be 100% for tobacco and energy drinks, and 50% for soft drinks.