What is VAT rate in Oman for Education sector
To ensure that people don’t get discouraged in spending on education, the Oman government has exempted all goods and services pertaining to education from VAT Law. This will prove to be a vital step in fulfilling the vision of Sultan towards a better future.
The education sector takes 14% of the total government expenditure, however, a decrease in the budget allocation has been noticed due to the economic crisis the country is facing. Oil revenues have seen a downfall because of the prevailing Covid situation which leads to a decrease in spending, a halt in developmental programs, and reduces the demand for training. Thus, the introduction of the Oman VAT Law will prove to be beneficial for the education sector as it will give the government sufficient resources to continue investing in this sector.
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