VAT to boost Oman's economy with $780m

Oman, the biggest Arab oil exporter outside OPEC and Middle East’s most vulnerable economy, has finalised the long-standing decision of implementing VAT from the start of 2021.

Grant Thornton Tax Partner, Steve Kitching, elaborates further on this topic and evaluates the economic impact of this move in Arabian Business, where he calls it a “response to the severe financial and economic repercussions of the recent pandemic outbreak”.

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