The record arrivals of tourists in Bahrain is also offering an unexpected boost to the gold and jewellery sector, it…
Read More »Qatar, one of only two Arab economies in the Gulf region without value-added tax, will likely wait longer before imposing…
Read More »Twenty-seven Value Added Tax (VAT) violations have been reported in Bahrain. Violators could face fines of up to BD10,000, as…
Read More »Saudi Arabia will “ultimately” consider cutting the rate of value-added tax (VAT), which was increased to 15 percent in 2020,…
Read More »Saudi Arabia has no plans to reduce the rate of value-added tax (VAT) in the near future. The decision on…
Read More »Bahrain is likely to double value-added tax to 10 percent in an effort to boost revenues as the economy begins…
Read More »The Minister of Finance Mohammed Al-Jadaan has said that tripling value-added tax (VAT) to 15% was the best among the…
Read More »A 5% VAT has been applied to hotels, tourist complexes, industrial and commercial complexes, and hotel apartments, as VAT comes…
Read More »Oman has become the fourth Gulf state to implement VAT, with a flat 5 per cent being imposed on a…
Read More »The implementation of the value-added tax (VAT) in Oman will start on April 16, 2021. A statement issued online by…
Read More »Saudi Arabia’s finance minister said on Sunday that a decision to triple value-added tax to 15 per cent would not be…
Read More »Saudi Arabia will review its VAT increase after the coronavirus pandemic ends, the Kingdom’s acting media minister said. The decision…
Read More »Oman plans to take a step unheard of in the Gulf region: It’s going to start taxing the income of wealthy…
Read More »The Value Added Tax (VAT) will be imposed in the Sultanate within 180 days from the date of publication of…
Read More »Cash-strapped Oman is planning to introduce a 5 percent value-added tax in April, following the lead of Gulf neighbors. Essential…
Read More »King Salman issued a royal order early Friday relating to the real estate sector in the Kingdom. The order exempts…
Read More »Saudi Arabia’s Ministry of Commerce emphasized that prices of products in the market must be inclusive of value-added tax (VAT).…
Read More »The motor vehicle industry is rife with complex VAT issues. From manufacturer rebates and incentive payments to dealer financing and…
Read More »The Information & eGovernment Authority (iGA), in cooperation with the National Bureau for Revenue (NBR), launched a new service allowing…
Read More »In 2017, all six member countries of the GCC region ratified the landmark GCC framework agreement on the deployment of…
Read More »