Omani Shura Council to debate VAT and Income Tax draft-laws next week


هذه الصفحة متوفرة بهذه اللغة: العربية

16 July 2020

MUSCAT (WAF): The Shura Council – the elected branch in the Omani Parliament – will discuss and pass the draft-law of value-added tax (VAT) and the draft-amendment of the income tax law next week.

The step is within the legislative process in the Sultanate of Oman, which requires the revision and approval of draft-laws and amendments by al-Shura Council and the State Council before new laws and changes can be passed with Royal Decrees.

Earlier this year, the government of Oman said that it will be imposing VAT as of next year, within the agreement between the Gulf Cooperation Council.

Al-Shura sessions that will be held from July 20-23 will also discuss several studies and reports.

The Council will discuss and approve studies and reports on the demobilisation of the national workforce in the private sector, the classification of private health institutions and the regulation of their service fees, and the regulation and promotion of the industrial sector.

The Council will also look into the study of the State Audit Institute (SAI) ‘s report for the year 2018. And the closing accounts for al-Shura Council for 2019 and the proposed budget for 2021.