Battling against the crisis posed by the pandemic, the economy of Oman witnessed significant problems in recent times. To overcome the situation and help the economy grow again, the...
Continue Reading
The Taxable Person for VAT in Oman shall pay the VAT due on the tax return, adjustment to tax returns or on assessments or adjustments made by the Authority,...
Continue Reading
A VAT-registered person shall apply for De-registration to the Authority on the following dates: Within thirty days from the date of ceasing to conduct the activity permanently. Within two...
Continue Reading
A Tourist means a physical person who meets the following conditions: No permanent place of residence in Oman or any of the GCC Implementing States. Do not carry out...
Continue Reading
Refund is of the VAT paid more than the VAT payable to the Oman Tax Authority shall be submitted by the Taxable Person to the Authority on the application...
Continue Reading
The implementation of VAT in Oman is certainly going to impact the various sectors of the economy in different ways. On 16th April 2021, the country approved the implementation...
Continue Reading
Two or more persons conducting businesses together may register and subsequently treated as a VAT Group in Oman provided meeting the following conditions: Every person has a place of...
Continue Reading
Supervision is done on a records and documents basis. If the Taxable Person uses computer systems, the Authority shall investigate and examine these systems to assure they are secure...
Continue Reading
16th April 2021 witnessed the introduction of VAT in Oman, making it the fourth nation in GCC to implement this tax. This decision comes at a time when the...
Continue Reading
In April 2021, Oman became the fourth country in the GCC to introduce value-added tax, after KSA, UAE and Bahrain. The VAT system in Omanaligns with the VAT framework...
Continue Reading