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Oman News




Oman Adds Tax-Exempt REITs To Offering

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, March 6, 2018

Oman's Capital Market Authority, which regulates the sultanate's financial markets, has issued a decree providing an exemption for newly permitted real estate investment funds. Read Full Story

 


Bahrain Commits To Introducing VAT This Year

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, February 28, 2018

Bahrain has committed to pushing towards the introduction of the Gulf Cooperation Council's value-added tax framework by the end of the year. Read Full Story

 


Bermuda Lists CbC Report Exchange Partners

by Jason Gorringe, Tax-News.com, London

Wednesday, February 7, 2018

The Bermuda Government on January 31, 2018, updated the lists of the countries with which it will exchange country-by-country reports filed in Bermuda in 2018 and in 2019. Read Full Story

 


Six More States Sign The BEPS Multilateral Instrument

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, January 25, 2018

A further six countries have signed the BEPS multilateral instrument, enabling them to swiftly amend their double tax treaties to incorporate the recommendations put forward by the OECD as part of its base erosion and profit shifting Action Plan. Read Full Story

 


United Arab Emirates, Saudi Arabia Introduce Value-Added Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, January 1, 2018

Having introduced value-added tax on January 1, 2018, the United Arab Emirates and Saudi Arabia became the first two states of the six-member Gulf Cooperation Council grouping to follow through on the bloc's commitment to introduce a harmonized value-added tax. Read Full Story

 


Bahrain To Begin Levying GCC's Selective Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, December 28, 2017

Bahrain's Cabinet has approved the introduction of the Gulf Cooperation Council's so-called selective tax on unhealthy commodities from December 30. Read Full Story

 


Oman Confirms No VAT In 2018

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, December 27, 2017

Oman has officially stated it will not be joining the United Arab Emirates and Saudi Arabia in introducing the agreed Gulf Cooperation Council value-added tax until at least 2019. Read Full Story

 


IMF Reports On Middle East's Fiscal Challenges

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, December 21, 2017

The International Monetary Fund has published a new paper on the fiscal consolidation challenges being faced by the members of the Gulf Cooperation Council – Kuwait, Qatar, Oman, Saudi Arabia, Bahrain, and the United Arab Emirates – whose tax revenues have been depressed due to persistently low oil prices. Read Full Story

 


Romania To Introduce VAT Split Payment Mechanism

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, December 20, 2017

Romania will introduce a value-added tax split payment mechanism from next year, to improve tax collections and penalize those firms that are slow to remit value-added tax to the tax agency. Read Full Story

 


EU To Probe Whether Romania Let Rail Operator Off Tax Bills

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 19, 2017

The European Commission has opened an in-depth investigation to assess whether debt write-offs by the Romanian state in favor of rail freight operator CFR Marfa, and the failure to collect tax debts from the company, have given the company an unfair advantage in breach of EU state aid rules. Read Full Story

 

 

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