tax reforms | Egypt Oil & Gas

Oman Awaits Approval of Ambitious Tax, Subsidy Reforms

Oman's top advisory body, the Shura Council, has voted for the biggest increase in corporate taxes in many years aimed at offsetting a budget deficit over oil price slump.

GCC to Introduce VAT by 2018

The Gulf Cooperation Council (GCC) states have agreed to introduce value-added tax in the region by 2018 subject to the signing of a final agreement.

IMF to Help Saudi with Tough Choices, Lagarde

The decline in oil prices has increased the importance of reforms to switch the focus of growth from the public sector to the private sector in Saudi Arabia, said Christine Lagarde, managing director of the IMF.

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