{"id":377960,"date":"2020-10-13T08:51:22","date_gmt":"2020-10-13T03:21:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=377960"},"modified":"2020-10-13T09:30:50","modified_gmt":"2020-10-13T04:00:50","slug":"oman-to-impose-value-added-tax-amid-coronavirus-oil-price-collapse","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oman-to-impose-value-added-tax-amid-coronavirus-oil-price-collapse\/","title":{"rendered":"Oman to impose value-added tax amid coronavirus, oil price collapse"},"content":{"rendered":"<p>Oman issued a royal decree on Monday that sets the stage for the sultanate to start collecting value-added taxes beginning in April as it grapples with the fallout of the coronavirus pandemic and oil price collapse. <\/p>\n<p>Oman&#8217;s state-run news agency reported the 5 per cent tax &#8220;will be applied to most goods and services at each stage of the supply chain.&#8221; <\/p>\n<p>The decree exempts necessary items like food staples, healthcare, education and financial services from the tax. <\/p>\n<p>All six members of the Gulf Cooperation Council have agreed on a framework to begin collecting so-called VAT taxes. <\/p>\n<p>As part of a series of austerity measures aimed at shoring up revenue amid the pandemic, Saudi Arabia tripled its taxes on basic goods from 5 per cent to 15 per cent over the summer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oman issued a royal decree on Monday that sets the stage for the sultanate to start collecting value-added taxes beginning in April as it grapples with the fallout of the coronavirus pandemic and oil price collapse. Oman&#8217;s state-run news agency reported the 5 per cent tax &#8220;will be applied to most goods and services at each stage of the supply chain.&#8221; The decree exempts necessary items like food staples, healthcare, education and financial services from the tax. All six members of the Gulf Cooperation Council have agreed on a framework to begin collecting so-called VAT taxes. As part of a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-377960","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=377960"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377960\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=377960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=377960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=377960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}