GCC tax authorities seek to boost mutual cooperation

GCC tax authorities seek to boost mutual cooperation

RIYADH — Tax authorities of the Gulf Cooperation Council member states sought to strengthen mutual cooperation and develop mechanisms for exchanging tax information as part of the group's efforts for economic integration. In a virtual meeting held on Monday at the GCC General Secretariat, GCC tax chiefs also discussed ways to enhance cooperation to implement two unified agreements for value-added tax (VAT) and selective tax in the GCC states, in a way that contributes to facilitating trade exchange among the GCC member states.Saudi delegation to the meeting was headed by Governor of General Authority