Tax

Oman should get a welcome financial shot in the arm from a massive shopping splurge as residents snap up bargains ahead of Value Added Tax kicking in. VAT at 5 per cent is expected to be imposed in…
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Expats in Oman can heave a sigh of relief, at least for now, after the Sultanate confirmed there are no plans to make foreign workers pay income tax. Saudi Arabia had last week announced that it was…
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CFA Society Emirates, the association for financial and investment professionals in the UAE, on Monday unveiled the results of a survey which assessed the impact of introducing value added tax (VAT)…
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A 35 per cent tax on petrochemical firms has been approved and tax on LNG firms has been increased from 15 per cent to 55 per cent in a joint session of Majlis Al Shura and State Council, a shura…
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Shura makes statement on expat visa charges The Shura Council has denied the news published in some section of the social media about the proposal to impose three per cent fees on the gross salary for…
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Travel agents said the increased amount will be included in the ticket itself. Outbound airline passengers will have to pay OMR2 extra as tax for every travel from Oman airports from July 1, travel…
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