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Oman VAT implementation advances

  • Aug 8, 2020 | Richard Asquith

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. The Council has 15 days to comment on the bill before forwarding to the Sultan of Oman. 

Oman would become the fourth member of the Gulf Cooperation Council (GCC) to implement VAT under the single Unified VAT Agreement. The members of the GCC are: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.

The other states that have implemented VAT are: Saudi ArabiaUAE; and Bahrain.

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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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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