(MENAFN) Omani media reported the value-added tax (VAT) implementation to have been delayed until 2019 by Oman's Ministry of Finance.
Starting mid-2018, products that include soft drinks and tobacco are to be taxed, according to the Times of Oman citing sources.
The holdup, the newspaper reported, is estimated to offer Oman businesses an additional time to effectively get ready for the implementation.
Saudi Arabia and the UAE were the only confirmed countries to be all set to implement VAT, even though the entire GCC states initially accepted its implementation to be in January.
MENAFN2712201700450000ID1096277766
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.