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- 18 Jan, 2021
Remittance tax back in play as Kuwaiti MPs submit bill
Kuwait- January 18, 2021: The tax on expatriates' money remittance is back in the news as Parliamentarians Osama Al-Shaheen, Hamad Al-Matar, Abdulaziz Al-Saqaabi, Shuaib Al- Al- Muwaizri and Khalid Al-Otaibi bring a new proposal on taxing remittances. At present, the exchange companies are collecting fees for remittances, but the State gets noth...
More... - 13 Jan, 2021
Oman Tax Authority: New executive decisions on VAT implementation
Muscat- January 13, 2021: In a series of executive decisions issued, the Tax Authority in Oman has announced the framework and related guidelines for registration of tax-eligible businesses and organizations in the Sultanate. Businesses with an annual turnover of a minimum of OMR 38,500 are required to mandatorily register with the Tax Authority...
More... - 13 Jan, 2021
Oman: Over 90 food items will be subjected to VAT at zero percent
Muscat- January 13, 2021: The Chairman of the Tax Authority issued three executive decisions related to the implementation of the value-added tax, which will come into effect on April 16 of this year 2021. Ministerial Decree 2/2021, dated 4 January 2021, detailed the list of around 93 food items that will be subject to VAT at the zero rate in Om...
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