Oman VAT 2018
- 4 November 2016 | Avalara
The Arab Gulf state of Oman has indicated that it will introduce Value Added Tax on 1 January 2018.
There is no indication of the standard VAT rate, but it is likely to be 5%.
Oman is part of the six-state Gulf Co-operation Council, which also includes: Saudi Arabia, UAE, Qatar, Kuwait and Oman. All of them are co-operating on introducing VAT, including harmonization of regimes along the lines of the European Union.
VAT is seen as an important budgetary reform for the states, diversifying their revenues from oil duties. The halving of oil prices over the last three years has accelerated this reform.
Oman government representatives have said that the state is looking to implement a 5% VAT regime from 1 September 2019. In 2017, it signed the...
As the first two Gulf states, Saudi Arabia and UAE, join this week the other 160-plus countries with a VAT regime, the old objection to...
Saudi Arabia and the United Arab Emirates (UAE) have today become the two latest states to impose Value Added Tax on their consumers. From midnight,...