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- 12 Apr, 2021
Oman: Zero VAT on 488 food items
Muscat - April 12, 2021: Nearly 500 food products commonly used by people in Oman will be subject to zero taxation under the Value Added Tax, once it comes into effect. The measure is part of the Social Security Scheme issued by His Majesty Sultan Haitham Bin Tarik, and developed by the......
More... - 11 Apr, 2021
UAE MoE extends anti-money laundering (AML) compliance date until 30th April for selected businesses
Dubai- April 11, 2021: The UAE Ministry of Economy announced the extension of the deadline granted to companies in the "specific non-financial business and professions" sector to register in government regulations approved for countering money laundering and combating the financing of terrorism until the end of April 2021. The decision is due......
More... - 09 Apr, 2021
FTA released a basic tax information bulletin on Automotive Sector
Dubai- April 9, 2021: FTA released a basic tax information bulletin on Automotive Sector meant for new car dealers, used car dealers, servicing and part's suppliers. The bulletin clarifies that supplies made by businesses in the automotive sector are generally subject to VAT, including but not limited to: Sales of new and......
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