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Oman delays VAT till 2019

  • VAT
  • 25 December 2017 | Richard Asquith

Oman delays VAT till 2019

Oman has declared that it will not implement Value Added Tax until at least 2019. The delay has been proposed to allow more time for businesses to prepare for the launch of the new indirect tax.

Tariffs on some goods, including cigarettes and carbonated drinks, will go ahead in 2018.

The country is one of the six Arab Gulf States signed up to the VAT Agreement, which requires signatories to launch a 5% VAT by 2020. Saudi Arabia and the United Arab Emirates will be the first, both launching on 1 January 2018. The other three states of the Gulf Cooperation Council - Kuwait, Bahrain and Qatar – have made no announcement of their launch dates.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.