The General Authority of Zakat and Tax (GAZT) has published English-language guidelines on transitional provisions for the increase in the VAT rate to 15% with effect from 1 July 2020. The guidelines cover cases where contracts are signed, or invoices are issued, before 11 May 2020 (when the increase was announced) or during the period between 11 May and 30 June 2020.

As previously reported,…