Muscat: Majlis Al Shura referred to the State Council the Value Added Tax (VAT) Draft Law and the Income Tax Law after voting on the remaining articles were included in the report of the Economic and Financial Committee of Majlis Al Shura.
The referral of the VAT Draft Law and the Income Tax Law was made in the 11th regular session of the first annual convening (2019/2020) of the ninth term ( 2019-2023) held on Tuesday. The meeting was held under the chair of Khalid bin Hilal Al Ma'awali, Chairman of Majlis Al Shura in the presence of the members and Sheikh Ahmed bin Mohammed Al Nadabi, Secretary General of Majlis Al Shura.
Majlis Al Shura reviewed the report of the Economic and Financial Committee of Majlis on the Sultanate's joining the Geneva Act of the Lisbon Agreement on Appellations of Origin and Geographical Indications.
The Majlis also approved the report of the Economic and Financial Committee on encouragement of the industrial sector. The meeting also discussed details of Omanisation of the advocacy profession before the court of appeal and the supreme court.
The Majlis Al Shura would continue in the 12th session to review the remaining items of the agenda.