Oman has announced plans to introduce a five per cent value-added tax (VAT) in six months' time.
A royal decree has been issued in this regard.
The Oman News Agency stated that the tax will be imposed on most goods and services with some exceptions.
Healthcare, education, financial services, basic foodstuff, and supplies for people with disabilities will not be covered by the VAT.
The latest move is in line with a unified value-added tax agreement signed by GCC members in November 2016.
Standard Chartered issues clarification on local operations
Standard Chartered Bank has clarified that reports of staff being evacuated from its Dubai offices are inaccurate.
DP World reports record $24.4bn revenue for 2025
DP World has announced its financial results for 2025 on Thursday, with a 22.4 per cent increase in revenue to $24.4 billion, and adjusted EBITDA up 18 per cent to $6.4 billion.
IEA proposes record release of strategic stocks in response to Iran war oil price surge
The International Energy Agency (IEA) on Wednesday recommended the release of 400 million barrels of oil, the largest such move in its history, to try to restrain soaring crude prices amid the U.S.-Israeli war with Iran.
H.H. Sheikh Hamdan highlights economic resilience at Dubai Majlis
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, attended a specially convened Dubai Majlis to discuss strategies to reinforce economic resilience.
Oil sinks 11% as Trump predicts Middle East de-escalation
Oil prices plummeted by more than $10 a barrel on Tuesday after soaring to an almost four-year high in the previous session after U.S. President Donald Trump predicted the war in the Middle East could end soon, lowering expectations of prolonged disruptions to oil supply.
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Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Pinoy Expat Corner
What is the difference between hiking in the UAE compared to hiking in the Philippines?
Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
