Oman’s Tax Authority has announced a significant delay in the rollout of the Digital Tax Stamp system for certain beverages. This postponement provides businesses additional time to comply with the new labeling requirements, which are aimed at enhancing tax compliance and market regulation. New Implementation Date Originally set to begin on November 1, 2025, the…
The Abu Dhabi Global Market (ADGM) has introduced a comprehensive licensing framework aimed at enhancing the standards and governance of legal, tax, and company service providers. This initiative represents a significant advancement in professional regulation within the financial center, ensuring that firms adhere to international benchmarks for competence and transparency. New Licensing Regulations The newly…
Manufacturers in the UAE now have access to a new service that enables them to accurately measure natural losses in excise goods, facilitating tax exemptions. This initiative, launched by the Federal Tax Authority (FTA) in collaboration with the Abu Dhabi Quality and Conformity Council (QCC), aims to streamline the process for businesses affected by product…
The Omani Tax Authority has recently provided important updates regarding Value Added Tax (VAT) procedures for businesses importing goods from the UAE and other Gulf Cooperation Council (GCC) countries. This clarification aims to facilitate smoother trade and reduce tax-related complications for Omani companies registered under the VAT system. Key VAT Procedures for Imports Under the…