Income tax is now in the pipeline in Oman, and other nations in the Gulf, one of the world’s largest bastions of tax-free wages, are watching with interest.
His Majesty King Hamad bin Isa Al Khalifa of Bahrain has ratified and promulgated a law on the Future Generations Reserve Fund, following its approval by the Shura and Representatives Councils.
RIYADH: Bahrain is planning to double its contribution to the Future Generations Reserve Fund by setting aside $2 from every barrel of oil exceeding the $80 limit, Bloomberg reported. The Middle Eastern country has announced that it will set aside $1 for oil sold at over $40 and that it will pay $3 if the oil is sold at over $120. Political conflicts between Russia and Ukraine