VAT Hike in Bahrain Points to Fiscal Challenges, Unattractive Choices Government Faced
Even though an increase in the VAT seems the most viable option, higher levels of public buy-in could be secured through greater transparency in fiscal policy.
Even though an increase in the VAT seems the most viable option, higher levels of public buy-in could be secured through greater transparency in fiscal policy.
If Omanis aren’t ready to shoulder a 5% VAT, then they have a long, bumpy economic road ahead of them.
Despite beginning as a regional policy, the VAT in the Gulf is becoming an increasingly country-focused initiative.
Government efforts to legalize full foreign ownership in specific sectors aim to significantly boost inward foreign investments. However, the commercial reform threatens to disrupt the long-standing economic institutions and commercial incentives associated with free zones.
Emirati leaders hope the UAE Space Agency can speed up the journey to carbon neutrality and position the country as a hub of climate technology and research.
Learn MoreThrough its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.
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