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World VAT/GST News

World VAT/GST News October 2020

By October 15, 2020July 10th, 2021No Comments

Oman has recently announced that it will delay the introduction of VAT until at least 2022. Oman is part of the six-country Gulf Cooperation Council (GCC) and all of these countries had agreed to implement a harmonised VAT regime of…

Oman 

Oman has recently announced that it will delay the introduction of VAT until at least 2022.

Oman is part of the six-country Gulf Cooperation Council (GCC) and all of these countries had agreed to implement a harmonised VAT regime of 5%. The GCC countries consist of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

 

The above information was kindly provided by Fiscal Solutions (UK), www.fiscalsolutions.co.uk; contact: contact@fiscalsolutions.co.uk.