Tag: VAT
Bahrain starts to implement 10% VAT on goods & services
Bahrain has increased 10 percent value-added tax (VAT) for all goods that are taxable by law as the Kingdom ringed in the year 2022...
Omani companies can pay VAT on behalf of customers; Tax Authority
Oman's Tax Authority has announced that the companies in the Sultanate can fully or partially cover the cost of the five percent value-added tax...
Oman foresees $779mn revenue addition from VAT in 2021
The implementation of a five percent value-added tax (VAT) in Oman is expected to bring $779 million in revenue this year, as per the...
UAE has no intentions to raise VAT; Finance Ministry
UAE Ministry of Finance (MoF) said that it increased $3.2 bilion (Dh11.6 billion) in value-added tax (VAT) revenues in the first eight months of...
“VAT-free special offers” are misleading; FTA
UAE's Federal Tax Authority (FTA) has explained that "VAT-free special offers" are misleading and unlawful because goods and services are not actually supplied without...
Oman to have 5% VAT from April 2021
The Sultanate of Oman has reportedly decided to levy a 5 percent value-added tax (VAT) on all commodities barring few exemptions from April 2021.
Oman's...
No more 15% tax on real estate deals; Saudi Arabia proposes...
The Saudi Arabian government has decided to revoke the existing blanket Value Added Tax (VAT) of 15 percent imposed on real estate deals and...
UAE E-Commerce VAT: New guidelines revealed
UAE's Federal Tax Authority (FTA) has issued new guidance to clarify several aspects of taxing (VAT) e-commerce transactions for products and services with actual...
