GTL Summary:

Article 39 of the GCC Common VAT Agreement outlines the conditions for the suspension of tax on the import of goods. This provision allows for VAT to be suspended if the imported goods are placed under a customs duty suspension status, according to the terms specified in the Common Customs Law. This mechanism aligns VAT treatment with established customs procedures, such as temporary admission or transit. The article also grants each Member State the discretion to require the importer to provide a security deposit or guarantee for the value of the suspended tax, ensuring fiscal security during the suspension period.