Oman

Oman has set-out the VAT registration timetable as the Arab Gulf country implements VAT from 16 April 2021. There will be a compulsory VAT registration threshold of OMR 38,500. There will be a volunta...Continued

Ahead of the implementation of a 5% VAT in Oman, the Tax Authority has published the Executive Regulations which provide some details on the operations of the new Value Added Tax regime. The regulatio...Continued

Oman now plans to implement a 5% VAT from 1 April 2021. This is based on a decree approved by Sultan Haitham Bin Tariq Al Said. Oman would be the fourth of six Arab Gulf states to introduce VAT as pa...Continued

Oman is set to introduce Value Added Tax in early 2022 according the Economics Ministry. Oman would be the fourth of six Arab Gulf states to introduce VAT as part of a 2016 VAT union agreement....Continued

The prospect of 5% Value Added Tax regime in the Gulf State of Oman by early 2021 has progressed. The Omani Shura Council has approved the draft VAT Law, and has now referred it to the State Council. ...Continued

Oman’s Commerce Minister has confirmed that Value Added Tax will not be introduced until at least early 2021. The postponement had already been disclosed in a July 2019 bond prospectus. ...Continued

Oman looks set to postpone the implementation of Value Added Tax until at least 2021. A Ministry of Finance official has stated that there will be no VAT launch this year. However, the Ministry has sa...Continued