5% VAT Soon To Be Enforced in Oman

5% VAT Soon To Be Enforced in Oman

Oman is all set to roll out its 5% value-added tax (VAT) nationwide. Oman is the third country in the Arab world to introduce a 5% VAT. This follows the UAE and Saudi Arabia, which …

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Water & Electricity in the UAE Subject to 5% VAT

Earlier this year, we mentioned that the UAE will be introducing value-added tax (VAT) next year. Sure enough, the Federal Tax Authority has recently published a set of draft executive regulations on the matter. Starting 1st …

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Value-Added Tax (VAT) Introduced in UAE

Starting January 1, 2018, business owners and landlords in the UAE will be required to pay a value-added tax (VAT) of five percent. The announcement was made by the country’s Federal National Council (FNC) recently. …

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