VAT change 'causes headache' for govt suppliers
Previously, suppliers to government were required to account for VAT at the time they invoiced for the taxable supplies made even when payment had not been received.
Source: monitor.co.ug
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UAE announces changes to VAT provisions
The UAE Ministry of Finance announced amendments to some provisions of the Federal Decree Law No. 8 of 2017 on Value Added Tax (VAT), which will be effecti..
Source: khaleejtimes.com
VAT to add 1.5 per cent to Oman's GDP
By: Times News Service With about a month left for VAT implementation, regulations on collection of the tax have been issued. Muscat: While value added tax (VAT) is expected to come into effect in Oman on April 16, 2021, a number of goods and services have been granted exemption. VAT is expected to contribute about OMR400 million to the economy every year, about 1.5 per cent of the country’s gross domestic product (GDP), and with about a month left before VAT is brought in, the regulations regarding how the tax will be collected have been issued. Saud Nassir Al Shukaili, Chairman of the Ta...
Source: timesofoman.com