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UAE Business: Pfizer reveals key findings of Sickle Cell Disease survey gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.
Health research driving improvement in the Sultanate's medical sector omanobserver.om - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from omanobserver.om Daily Mail and Mail on Sunday newspapers.
Muscat: When Value Added Tax (VAT) law comes into force in Oman on April 16, 2021 following a Royal Decree, the Sultante will become the fourth GCC member state - after the UAE, Saudi Arabia and Bahrain - to introduce the levy. The country will apply VAT at the standard rate of 5 per cent on most goods and services, with exceptions for essential food items, medical care, education and financial services. According to Oman’s Tax Authority chairman Saud Nassir al Shukaili, this should raise around OMR 400 million (Dh3.8 billion), equivalent to around 1.5 per cent of gross domestic product (GDP). The introduction of VAT is also in line with Muscat’s commitment to the Oman Vision 2040 programme, which aims to diversify the economy away from oil towards non-oil sectors such as logistics, manufacturing and tourism. ....