VAT
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Global
Oman to start implementing VAT next year
Starting early next year, Oman will start to impose a five percent value-added tax (VAT). Once implemented, Oman will be…
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UAE tourists to enjoy VAT refund
The UAE Cabinet announced on Wednesday, July 11, that UAE will have a refund of the five percent value added…
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Gold, diamond trading exempted from VAT in UAE
The UAE Cabinet has introduced a tax mechanism that will exempt investors of gold, diamond and other precious metals from…
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0% VAT on air travel, residence under new UAE VAT law
President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued the Federal Decree-Law No. 8 of 2017 for Value-Added Tax…
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Taxes that will decrease and increase under House Bill 5636
House Bill 5636 dubbed Tax Reform for Acceleration and Inclusion Act (TRAIN) passed by the House of Representatives on third…
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