Capitals race to victory inside nine overs after the Titans were dismissed for their lowest IPL score of 89 since they debuted in 2021
The tax will be on most goods and services, though with some exceptions, according to a video presentation shown on Oman TV.
All six Gulf Arab states agreed to introduce 5 per cent VAT in 2018. Saudi Arabia, the UAE and Bahrain have already introduced the tax, with Riyadh tripling it this year.
Oman, Kuwait and Qatar have not yet introduced the tax.
"The introduction of VAT is another important and positive sign to the market that Oman is looking to progress with a much needed fiscal reform programme after announcing spending cuts this year," said Monica Malik, chief economist at Abu Dhabi Commercial Bank.
Facing a 2.8 per cent economic contraction this year and a government deficit of 16.9 per cent of gross domestic product (GDP), according to the International Monetary Fund, Oman has cut public spending to contain the financial leakage caused by lower oil prices and the downturn caused by coronavirus lockdowns.
Capitals race to victory inside nine overs after the Titans were dismissed for their lowest IPL score of 89 since they debuted in 2021
He has also directed that support be provided to all families affected by the severe weather conditions
The UAE authority said that it 'reiterates the importance of taking precautions in outdoor work environments where it is difficult to suspend operations'
Fallout from Iran's actions were to an extent priced in by markets
DXB said in a statement that airport 'recovery will take some time' after there was flooding caused by rainwater on the runway
The 22-time Grand Slam title winner was returning to action for the first time after missing most of the 2023 season
For the company's founders, it was a way to give back to the community
Unlocking Holistic Health: Camp to address all acute and chronic issues