Oman VAT reform to remain regionally competitive in retail In a notable policy shift aimed at strengthening the Sultanate’s tourism competitiveness, the Oman Tax Authority has announced plans to introduce a VAT refund mechanism for tourists. This reflects competition for shoppers in the region, heightened
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
