Scope of Tax. The Agreement shall come into effect in the GCC and Tax shall be imposed on the following transactions: 1. Taxable Supplies by a Taxable Person in the Member State Territory. 2. Receipt by a Taxable Customer of Goods or Services supplied to him by a Non-Resident and non-Taxable Person in the Member State in instances where Reverse Tax Mechanism applies. 3. Importation of Goods by any Person
Appears in 4 contracts
Samples: Common Vat Agreement, Common Vat Agreement, Common Vat Agreement
Scope of Tax. The Agreement shall come into effect in the GCC and Tax shall be imposed on the following transactions:
1. Taxable Supplies by a Taxable Person in the Member State Territory.
2. Receipt by a Taxable Customer of Goods or Services supplied to him by a Non-Non- Resident and non-Taxable Person in the Member State in instances where Reverse Tax Mechanism applies.
3. Importation of Goods by any Person.
Appears in 2 contracts
Samples: Common Vat Agreement, Common Vat Agreement
