tax reforms

  • Oman Awaits Approval of Ambitious Tax, Subsidy Reforms

    Oman Awaits Approval of Ambitious Tax, Subsidy Reforms

    Sunday, 27th December 2015
    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

    GCC to Introduce VAT by 2018

    Tuesday, 8th December 2015
    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

    IMF to Help Saudi with Tough Choices, Lagarde

    Wednesday, 11th November 2015
    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.