Which other GCC state could introduce income tax after Oman?

  • Date: 08-Nov-2020
  • Source: The Daily Tribune - News of Bahrain
  • Sector:Economy
  • Country:GCC
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Which other GCC state could introduce income tax after Oman?

KT | Dubai

The Daily Tribune - www.newsofbahrain.com

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