No plans to delay introduction of VAT in Oman

Friday, 2 August 2019 11:44

Oman has confirmed that it is going to roll out value added tax (VAT) in compliance with the GCC unified agreement in 2020.

In a statement, the country’s Ministry of Finance said that the government is working on completing procedures to issue legislation pertaining to the taxation system.

It said that the Secretariat General of Taxation was completing the administrative, technical and technological equipment in preparation for applying VAT.

The UAE and Saudi Arabia implemented a five per cent VAT on January 1, 2018.

More from International News

Israeli attacks on Gaza killed 60 people in 24 hours

Israeli occupation forces committed multiple massacres against families in the Gaza Strip over the past 24 hours, resulting in the killing of at least 60 Palestinians and the injury of 162 others, according to medical reports.
Trump fires National Security Agency director

U.S. President Donald Trump fired General Timothy Haugh as director of the National Security Agency on Thursday, according to two officials familiar with the decision, and congressional Democrats denounced the removal of the nonpartisan official from a top security post.
Israel steps up Syria strikes, says Turkey aims for 'protectorate'

Israel stepped up airstrikes on Syria, declaring the attacks a warning to the new rulers in Damascus as it accused their ally Turkey of trying to turn the country into a Turkish protectorate.
US sending Israel 20,000 assault rifles that Biden delayed

The Trump administration moved forward with the sale of more than 20,000 US-made assault rifles to Israel last month, according to a document seen by Reuters, pushing ahead with a sale that the administration of former president Joe Biden had delayed.