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

Venezuela says 116 prisoners released, rights groups cite much lower figures

Venezuela's government has announced on Monday that 116 prisoners have so far been released as part of process announced last week, though rights groups reported a lower figure as family members of the detained awaited liberations, with some sleeping outside prisons.
Four migrants die in US immigration custody over first 10 days of 2026

Four migrants have died while in custody of US immigration authorities over the first 10 days of 2026, according to government press releases, a loss of life that followed record detention deaths last year under President Donald Trump.
Landmark Myanmar Rohingya genocide case opens at UN's top court

A landmark case accusing Myanmar of committing genocide against minority Rohingya opened at the United Nations' top court on Monday.
Swiss court keeps bar owner in custody after deadly fire, SRF reports

A Swiss court ordered to keep in custody the co-owner of a bar in the upscale ski resort of Crans-Montana after a fire killed 40 people there on New Year's Day, Swiss broadcaster SRF reported on Monday.