Oman will impose five per cent value-added tax (VAT) from early next year, said an Omani minister on Tuesday. "VAT is something people don't like it but this is something we have been lobbying for. It will come into effect sometime in the beginning of the next year," said Ali bin Masoud Al Sunaidy, Minister of Commerce and Industry in Oman. Currently, three GCC countries, UAE, Saudi Arabia and Bahrain ...
