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

Lebanese parliament plans session to elect president

Lebanon's parliament will convene on January 9 to elect a president after a two-year vacuum, Lebanon's National News Agency (NNA) said on Thursday.
Opposition disrupts Indian parliament for fourth day

The lower house of India's parliament was suspended temporarily on Friday for a fourth day in a row this week following disruptions as opposition lawmakers sought a discussion on the allegations against Adani Group.
Russia hits Ukrainian energy facilities, causes blackouts

Russia unleashed on Thursday its second big attack on Ukraine's energy infrastructure this month, leaving much of the country without power.
Syrian and Russian jets bomb rebel-held northwest Syria

Russian and Syrian warplanes bombed rebel-held northwest Syria near the border with Turkey on Thursday to push back an offensive that captured territory for the first time in years, Syrian army and rebel sources said.