Picture for illustration purposes only.
PHOTO BY ARCHIVE
DUBAI – While the UAE and Saudi Arabia implemented Value Added Tax (VAT) on January 1, three countries in the Gulf Cooperation Council have delayed implementing VAT.
Bahrain, Kuwait and Oman have delayed VAT implementation until 2019 to give companies more time to prepare.
Oman, however, will introduce tax on cigarettes, soda and energy drinks by mid 2018. Bahrain also introduced the so-called sin tax on the same items on December 30, 2017. DAJ/Expat Media
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