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Ministry of Finance

Ministry of Finance latest

Oman’s total revenue in 2018 equalled OMR10.949 billion in 2018, while the total expenditure - how much the state has spent during the year - totalled OMR 13.599 billion.
September 23rd, 2019 - 11:46 GMT

Corporate Income Tax Collection Soars in Oman

Oman collected almost OMR100 million more in corporate income tax in 2018 than it did in 2017, according to the country’s final accounts report for last year. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-0…","video_id":"0f1dfe4b-ef8a-48b8-9604-07009c97ae63","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"The Worst 10 Destinations for Expats"} The report, which was released in a ministerial decision from the Ministry of Finance yesterday, showed that Oman had collected OMR 463,112,782 in corporate income tax in 2018, compared to 366,487165 in 2017 and 388,634,659 in 2017 ...
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The government will cut public spending by JD150 million this year and will implement a series of projects to improve services, said Prime Minister Omar Razzaz. (AFP)
June 20th, 2018 - 08:20 GMT

Jordanian Government to Cut Public Spending by JD150 Million

Omanisation policies are not helping the private sector, according to the government body overseeing the Sultanate’s diversification plans. (Shutterstock)
June 11th, 2018 - 08:22 GMT

Omanisation Policies Hindering Private Sector’s Progress

Implementation of VAT in the Gulf region will continue to boost the demand for VAT experienced professionals. (Shutterstock)
May 21st, 2018 - 08:33 GMT

Jobs in UAE: These Professionals Are in High Demand in 2018

Oil prices briefly rose above $79 a barrel on Tuesday, making the prospect of introducing a new levy in a country unused to taxation is even less appealing. (Pexels)
May 16th, 2018 - 09:00 GMT

Kuwait Postpones VAT on Recovering Oil Revenues

Saad Hariri  (Shutterstock/File Photo)
May 13th, 2018 - 08:35 GMT

Hariri Expects to Form Next Lebanese Government

The launch of the General Entertainment Authority in 2016 has already had a transformative impact, hosting more than 2,000 events in 2017. (SG)
April 22nd, 2018 - 06:32 GMT

Saudi Arabia Puts Aside $64 Billion for Arts, Entertainment Projects Over Next Decade

The minimum wage for journalists in Egypt is EGP 1,200 ($68) per month, which a large number of journalists do not receive at present. (Shutterstock)
February 28th, 2018 - 11:37 GMT

With $51 Salaries: How Do Journalists in Egypt Make Ends Meet?

Vice President and Finance Minister of Switzerland Ueli Maurer arrived in the Saudi capital with a high-level delegation of Swiss bankers and diplomats to hold talks with senior Saudi officials/AFP
February 18th, 2018 - 10:10 GMT

Swiss Financial Trip to The Gulf Region

Saudi Arabia’s Ministry of Finance said it has sold domestic sukuk for $1.56 billion in its fifth monthly offer of Islamic bonds. (File photo)
January 24th, 2018 - 08:56 GMT

Saudi Finance Ministry Sells Domestic Sukuk for $1.56 Billion

VAT revenues will be used to achieve better local services, greater community development and broader support for UAE citizens. (Shutterstock)
January 8th, 2018 - 07:31 GMT

UAE: 70 Percent of VAT Will Go to Local Governments

The UAE tax authority wants the following elements to be mentioned on any VAT bill. (Shutterstock)
January 4th, 2018 - 10:58 GMT

What Should a VAT Tax Invoice Include in UAE?

Oman has dedicated the largest share of its 2018 budget of about $32.5 billion to the education, health and social welfare sectors with $10 billion. (AFP)
January 4th, 2018 - 07:02 GMT

Oman Dedicates $10 Billion for Education, Health in 2018 Budget

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