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 …
value added tax
5% Tax will be Added to Phone Bills Starting Jan 2018
Phones are a necessary part of our everyday lives. We use them to send messages, make calls, and use the Internet. Starting next year, however, we’re gonna need to watch our phone bills more closely, …
Water & Electricity in the UAE Subject to 5% VAT Starting 1st January 2018
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 …
Value-Added Tax (VAT) to be Introduced in 2018
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. …