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GCC countries have decided to implement Value Added Tax in the entire region through a treaty signed by all member countries. UAE has already implemented the VAT laws and regulations with effect from January 1, 2018, along with the Kingdom of Saudi Arabia.
Like any new legislation, there are always challenges that businesses face while preparing themselves for VAT. We have an exclusive team of trained VAT Consultants in OMAN. We , supported by our international team will assist you in steering your business smoothly through the new tax laws. Value-added tax (VAT)
WE SUPPORT OUR CLIENT FOR ALL KIND OF DATA ENTRY WORKS AND VAT FILLINGS .
VAT IN OMAN – On 12 October 2020, His Majesty issued Royal Decree no. 121/2020 in relation to the implementation of VAT in Oman, and it was published in the Official Gazette on 18 October 2020. VAT has been implemented in Oman with effect from 16 April 2021. The standard rate of VAT in Oman is 5% and consistent with the GCC Unified Agreement, and there are provisions for zero rating and exemptions in the Oman VAT Law. By global standards, 5% is one of the lowest VAT rates implemented in the world.