Common Excise Tax Agreement of the States of the Gulf Cooperation Council (GCC)Common Excise Tax Agreement • July 23rd, 2017
Pursuant to the objectives set out in the Statute of the Gulf Cooperation Council aimed to further develop existing cooperation relations amongst them in various fields; And in line with the objectives of the GCC Economic Agreement of 2001, which seeks to reach advanced stages of economic integration, and develop similar economic and financial legislation and legal foundations amongst Member States, and with a desire to promote the GCC economy and to proceed with the measures that have been taken to establish economic unity amongst Member States; and pursuant to the Supreme Council’s decision, during its 36th session (Riyadh 9-10 December, 2015), which empowers the Financial and Economic Cooperation Committee to complete all the requirements for the adoption of the Common Excise Tax Agreement of the States of the GCC and ratify it; have agreed to the following:
