Kwentong OFW

Menu
  • HOME
  • STORIES
  • OFW NEWS
  • WORLD NEWS
  • PHILIPPINES NEWS
  • JOBS
  • TIPS

KwentongOFW - The Place Where OFWs United.

Follow us on Facebook

Six Gulf Cooperation Council (GCC) states will start taxing people for the first time.

Spread the love
     

The GCC has agreed to introduce VAT following costly military campaigns and a drop in global oil prices

Six Gulf states have said they will tax their citizens for the first time in a radical policy shift.

  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Oman
  • Qatar
  • United Arab Emirates

Oil prices have dropped near $40 a barrel this week, the lowest since the financial crisis.

Taxation is considered an alternative source of income for Gulf states hoping to move their economies and populations away from a dependence on oil and gas.

The council announced a target to introduce VAT over the next three years.  Healthcare, education, social services and 94 food items will be excluded.

To limit smuggling and competetiveness, the countries aim to introduce the tax at the same time


Spread the love
     
 
      
Share
Tweet
Google+
Prev Article
Next Article

Related Articles

Spread the love     Members of the Asian Migrants Coordinating Body (AMCB) …

HK migrants come together for HKD5,000 monthly wage

Spread the love     There are only two ways Overseas Filipino Workers …

Remains Of OFW Repatriated From Abu Dhabi, Thanks To The Help of OWWA

Spread the love25.6K    25.6KSharesA mother is an epitome of unconditional love …

Must See Video : When Your Son Don’t Want You To Go Abroad

Spread the love     The Philippine Postal Corporation is now issuing a …

How to Obtain New Postal ID

Spread the love4.1K    4.1KSharesThe Government of the Philippines has suspended the …

Philippine Government Suspends Deployment of OFWs To Qatar

Spread the love27.9K    27.9KSharesSaudi Arabia – Isang kababayan ang nagpost ng …

Domestic Helper Sa Saudi Na Sa Rooftop Pinapatulog Nangangailangan ng Tulong.

Tags:Bahrain GCC Gulf Cooperation Council kuwait Oman Qatar Saudi Arabia Tax UEA United Arab Emirates Vat

Share Your Comments

Comments

Leave a Reply

Cancel reply

Follow @Kwentong_OFW
DMCA.com Protection Status

Kwentong OFW

IMPORTANT LINKS

  • SUBMIT YOUR STORY
  • ABOUT US
  • PRIVACY POLICY
  • DISCLAIMER
  • CONTACT US

CATEGORIES

  • balitang OFW (1,507)
  • Exchange Rate (57)
  • kwentong OFW (1,417)
  • OFW JOBS (96)
  • OFW TIPS (268)
  • PINAS NEWS (308)
  • tulang OFW (21)
  • WORLD NEWS (338)

Most Popular -Day

    Most Popular – Week

      Most Popular – Month

      • Police Raid Prost!tution Dens Managed By Asian.
      • Hong Kong Minimum Wage for FDHs Goes Up to $4,990 Per Month.
      Copyright © 2025 Kwentong OFW
      All Rights Reserved KwentongOFW