Oman will impose 5% income tax on people whose annual income exceeds 42,000 Omani riyals (approximately Dh400,000) from 2028
The Sultanate of Oman will become the first GCC(Gulf Cooperation Council ) country to introduce personal income tax in the region
The United Arab Emirates has amended certain provisions to the value-added tax (VAT) rules, effective from January 1, 2023. The UAE Ministry of Finance announced amendments to some provisions of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT)
The Federal Tax Authority (FTA) has reaffirmed the application of Value Added Tax (VAT) zero-rating for specific means of transport used in commercial and public transport across the UAE. This clarification, based on the provisions of the UAE VAT Executive Regulations, forms part of the FTA’s