Financial Analyst

Dear Team,

We have businesses in UAE & Oman, we send fabricated steel structures to our Oman site where our Oman entity was shown as consignee on our customs invoices. Oman Customs charged us 5% VAT, how will be the treatment in UAE & Oman.

thanks,

Mohammad 

Replies
SAJITH NAIR25/04/2021 14:22:47

For UAE this would be regarded as Export sales provided export conditions are satisfied. VAT charged by Oman Customs is similar to VAT on import of goods into UAE and this needs to be addressed by the Oman entity in its VAT return.

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