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GCC Indirect Tax Digest – 26 May 2022

Oman developments

  • Guide issued on treatment capital assets adjustments for businesses engaged in taxable and exempt supplies
  • Intensification of tax scrutiny by the OTA to ensure businesses have fulfilled their VAT obligations

KSA developments

  • ZATCA and taxpayer engagement

UAE developments

  • Executive Office for Control and Non Proliferation facilitates awareness workshops and roundtables on the implementing of Targeted Financial Sanctions

Egypt developments

  • On 17 April the president of Egypt excludes production of supplies and raw materials from import measures

Source Deloitte

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