VAT delayed in these Gulf countries

by Gulf | 05-01-2018 | 231 views

Even the VAT implemented in the UAE has been approved by Gulf Co-operation Council (GCC) members in 2017, a few Gulf countries, including Bahrain, Kuwait and Oman delayed introducing the tax until 2019. The application of the selective tax on certain products will start by the middle of 2018 in Oman. The products targeted for the so-called 'sin tax' are fizzy drinks, cigarettes and energy drinks.

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