Voluntary e-invoicing April 2024; but October 2024 mandatory launch may be delayed Sultanate of Oman Tax Authority has confirmed its plan to introduce VAT electronic invoicing via a formal Request for Information tender request. “The plan is to open e-Invoicing to VAT registered taxpayers in
Fines, financial services, invoice deadlines updates to Executive Regulations The Omani Tax Authority (OTA) has gazetted changes to the VAT Executive Regulations as part of the VAT Law. Get our free VAT newsletter for international VAT updates. The changes include Changes to the place of
Gulf state not to follow Saudi Arabia and Bahrain with COVID-19 VAT rises The Omani Ministry of Finance has restated its commitment to a 5% standard Value Added Tax rate. There will be no rise in 2022. This comes despite Saudi Arabia (15%) and Bahrain (10%)
Oman implemented its 5% Value Added Tax regime on 16 April 2021, including making electronic or digital services providers and electronic marketplaces liable to tax on B2C supplies. There is no VAT registration threshold from non-resident traders Oman is the fourth of the six Gulf
Following the implementation of Oman VAT on 16th April 2021, the second wave of businesses should be registering. The first phase of companies, with taxable supplies in excess of OMR 1million per annum should have now completed their registrations which would have gone live on
Fourth Gulf Cooperation Council state to join VAT and customs union The Gulf State of Oman is to introduced Value Added Tax on 16 April 2021. It will be the fourth of the six Gulf Cooperation Council States to implement the indirect tax. The others
