Oman exempts more commodities from VAT; hikes fuel, electricity, water subsidies

DUBAI- Oman will raise the number of food commodities exempted from VAT from 93 to 488 and will increase the level of subsidies on fuel, electricity and water consumption for families receiving government financial support, the state-run Oman News Agency reported on Thursday.

The measures, part of a package to assist families going through economic hardship due to the COVID-19 pandemic, also exempts low-income citizens from reimbursing housing loans given by the ministry of housing, it said.

 

Source: https://www.zawya.com/mena/en/economy/story/Oman_exempts_more_commodities_from_VAT_hikes_fuel_electricity_water_subsidies-TR20210408nD5N2L800UX2/

 

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