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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...
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