Oman to introduce 5% VAT within six months


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.

More from Business

Coming Up on Dubai Eye

  • Extra Time

    7:00pm - 8:00pm

    Chris & Robbie bring you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.

  • The Night Shift with Mark Lloyd

    8:00pm - 10:00pm

    Musicians and music, entertainers and entertainment, industry gossip and songs selected by you, get ready to bring your night time to life! Every evening from nine, Mark Lloyd brings you an energetic mix of local and international content and contests, featuring an array of celebrity interviews and entertaining anecdotes. Get involved in the show and pick your favourite jukebox hits, every night from 8pm - 11pm.

On Dubai Eye

Business Breakfast