Oman has announced plans to introduce a five per cent value-added tax (VAT) in six months' time.
A royal decree has been issued in this regard.
The Oman News Agency stated that the tax will be imposed on most goods and services with some exceptions.
Healthcare, education, financial services, basic foodstuff, and supplies for people with disabilities will not be covered by the VAT.
The latest move is in line with a unified value-added tax agreement signed by GCC members in November 2016.
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African Union launches continent's first credit rating agency
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UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and his Syrian counterpart Ahmad Al-Sharaa have discussed expanding economic and development cooperation in a phone call on Thursday.
Dubai is rolling out a new visual identity and enhanced addressing system, introducing colour-coded area identities, updated street signs and house number plates.
More than 44 areas across Dubai have been approved for shared housing under new regulations aimed at reducing overcrowding and enhancing public health and safety standards.
