Oman has announced plans to introduce a five per cent value-added tax (VAT) in six months' time.
A royal decree has been issued in this regard.
The Oman News Agency stated that the tax will be imposed on most goods and services with some exceptions.
Healthcare, education, financial services, basic foodstuff, and supplies for people with disabilities will not be covered by the VAT.
The latest move is in line with a unified value-added tax agreement signed by GCC members in November 2016.
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Disney's Pixar names Jonathan Garson president as Jim Morris steps back
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DIP Holding places final IPO price
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Gulfood Manufacturing brings global industry leaders to Dubai
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New traffic regulations in the UAE will introduce tighter rules on vehicle registration, electric scooter use and road safety from January 1, 2027.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has emphasised the need to strengthen supply chain resilience to support global energy security.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, has announced the Dubai-it Award for six winners across diverse sectors.
