Which GCC country could introduce income tax after Oman?

Which GCC country could introduce income tax after Oman?

Bahrain and Kuwait could be the next GCC countries to introduce income tax after Oman in the oil-rich region as low crude prices and the coronavirus pandemic takes a toll on government revenues, say tax experts.They believe that the next Gulf country could announce imposing income tax from 2023 onwards on the high net worth individuals, ranging between 5 to 15 per cent.According to a Reuters report dated November 2, Oman's finance ministry, said that the Sultanate is expected to introduce an income tax on high earners in 2022, in order to bring down its fiscal deficit.Currently, the UAE, Saudi Arabia and Bahrain levy excise tax value-added tax, while Oman plans to introduce VAT from April 2021. Some of the other regional countries also levy corporate taxes on oil companies.Anurag