In its latest report, the IMF highlights the region’s resilience to recent economic shocks and emphasizes the need for simplified tax systems to maintain sustainable growth The International Monetary Fund (IMF) has issued a key recommendation for the Gulf Cooperation Council (GCC) countries, including the UAE, to explore the introduction of new taxes while striving to reduce the complexity of their tax systems. This insight is part of the IMF’s latest report on the economic outlook of the Gulf region, underscoring the need for efficient fiscal policies to support sustainable growth and enhance economic resilience. The IMF has acknowledged the … Continue reading IMF Urges UAE and GCC to Explore New Taxes While Reducing Complexity