Oman delays VAT till 2019
Oman has declared that it will not implement Value Added Tax until at least 2019. The delay has been proposed to allow more time for businesses to prepare for the launch of the new indirect tax.
Tariffs on some goods, including cigarettes and carbonated drinks, will go ahead in 2018.
The country is one of the six Arab Gulf States signed up to the VAT Agreement, which requires signatories to launch a 5% VAT by 2020. Saudi Arabia and the United Arab Emirates will be the first, both launching on 1 January 2018. The other three states of the Gulf Cooperation Council – Kuwait, Bahrain and Qatar – have made no announcement of their launch dates.
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