Draft GCC VAT, excise tax pact get nod

Muscat: Majlis Ash’Shura session chaired by Khalid bin Hilal al Maawali, Chairman of Majlis Ash’Shura, on Wednesday approved the draft agreement of the GCC added value tax and excise tax.
Majlis Ash’Shura also approved the work plans for the permanent committees for the third annual sitting namely the legislative and legal committee, the economic and financial committee, health
and environment committee, education and
scientific research committee, services and social development committee, human resources and youths committee and food and water security committee.
The Media and Culture Committee will also continue considering the issue of Oman cultural channel and its role in showcasing the cultural product of the Sultanate and investment in heritage sites in the Sultanate.
Majlis Ash’Shura was also briefed on the draft budget of the state for 2018 , the draft commercial companies law, as well as the conventions referred to Majlis Ash’Shura from the Council of Ministers, such as the International Convention on Civil Liability for Bunker Oil Pollution Damage (BUNKER)2001, International Convention on the Control of Harmful Anti-fouling Systems on Ships 2001.