Flash Alert – Oman
It is believed that the Oman’s Shura Council has discussed draft VAT Legislation, proposed 104 commodities as Tax Exempt and has offered three conditions for Introduction of VAT
- Minimum GDP Growth Rate of 3%
- It should only affect people with monthly Income of RO 900
- Allocation of RO 100 million yearly to support low-Income groups
With this, we can expect the draft VAT legislation to be released soon.
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