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Oman News - Business, Taxation & Offshore

Saudi Arabia Explains VAT Rules For Transport Sector

by Lorys Charalambous,, Cyprus

Thursday, November 16, 2017

Saudi Arabia's tax authority has issued guidance on the value-added tax rules that will apply to transportation services when value-added tax is introduced from January 1, 2018.Read Full Story

Oman Joins BEPS Inclusive Framework

by Ulrika Lomas,, Brussels

Wednesday, October 25, 2017

Oman has become the latest country to agree to implement the base erosion and profit shifting minimum standards by signing up to the BEPS Inclusive Framework. Read Full Story

EU Council Approves VAT Derogations For Four States

by Ulrika Lomas,, Brussels

Thursday, October 19, 2017

In Volume 60 of the Official Journal of the European Union (L 265), published October 14, the European Council approved four proposals for council implementing decisions in respect of derogations sought by member states from the EU VAT Directive. Read Full Story

EU VAT Gap Release Falls Ahead Of New Anti-Fraud Action

by Ulrika Lomas,, Brussels

Monday, October 2, 2017

The European Union value-added tax gap – the overall difference between expected VAT revenue and actual EU member state collections – was EUR152bn in 2015, says the European Commission, highlighting the need for further reforms to tackle avoidance, error, and evasion.Read Full Story

Romania And Uruguay Sign Social Security Agreement

by Mike Godfrey,, Washington

Monday, September 18, 2017

Uruguay and Romania have signed a social security agreement, marking the first such agreement that the Uruguayan Government has concluded with a nation in Eastern Europe.Read Full Story

Canada Launches Resin Dumping Inquiry

by Mike Godfrey,, Washington

Wednesday, August 23, 2017

The Canadian International Trade Tribunal has initiated a preliminary injury inquiry into the alleged dumping and subsidizing of plastics from China, India, Oman, and Pakistan.Read Full Story


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