Oman to delay VAT to 2021 amid sluggish growth - Reuters:
Oman plans to introduce value-added tax in 2021, it said in a document, further delaying a fiscal consolidation measure that economists say could be politically sensitive at a time of sluggish growth and high unemployment.
All six Gulf Arab states agreed to introduce 5% VAT in 2018 after a slump in oil prices hit their revenues, but Oman, whose financial position is the weakest of the six, delayed its tax to 2019.
Moody’s, Fitch and S&P Global Ratings have said they expect Oman, rated junk by all three major rating agencies, to introduce VAT in 2020.
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