Oman to implement VAT Law from April 2021

TanviTanvi    13 October 2020
Oman to implement VAT Law from April 2021

On Monday 12 October 2020, His Majesty, the Sultan of Oman, Sultan Haitham bin Tariq bin Taimur, issued Royal Decree No.121/2020 in relation to implementation of VAT in Oman from April 2021. 

The tax will be on most goods and services, though with some exceptions, according to a video presentation shown on Oman TV. 

"The implementation of the #ValueAddedTax came to ensure the sultanate's financial sustainability, enhance its competitiveness, and reaffirm its commitment to international and regional agreements and improve the business environment," the government said on twitter.

You can access Law including Guidelines, Cabinet & FTA Decisions, Public Clarifications, Forms, Business Bulletins for all taxes (Vat, Excise, Customs, Corporate Tax, Transfer Pricing) for all GCC Countries in the Law Section of GCC FinTax

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