Oman Guide: What is the VAT for Free Zones in Oman?
VAT Law in Oman stipulates that supplies of goods or services to or from the Special Zones, or within them, may be zero-rated. The Special Economic Zone in Duqm...
Continue ReadingVAT Law in Oman stipulates that supplies of goods or services to or from the Special Zones, or within them, may be zero-rated. The Special Economic Zone in Duqm...
Continue ReadingBusinesses registered under the Oman VAT law are required to submit VAT returns to the TA or Tax Authorities in a prescribed manner. The VAT return happens to be...
Continue ReadingIn the executive regulation of Oman VAT Law, it has been made very clear that any negligence or violation by a taxable person regarding VAT registration or filing or...
Continue ReadingIf the latest report is taken into consideration, Oman has envisioned a set of strict penalties for the violators of the VAT or Value Added Tax. It is effective...
Continue ReadingValue-Added Tax in Oman has finally been introduced on 16 April 2021 and a guide on VAT registration and preparation has been given by Oman Tax Authority (OTA). It...
Continue ReadingThe implementation of any major tax in an economy generally impacts every sector and the VAT in Oman is no exception either. The effect of the tax varies from...
Continue ReadingThe recent implementation of VAT in Oman has left its implications across various sectors in the economy. While some sectors are relatively less affected due to the various exemptions...
Continue ReadingThe recently implemented VAT in Oman comes with a number of exemptions, keeping in view the impact that it would have on the society. The government has published the...
Continue ReadingThe implementation of VAT in Oman witnessed plenty of exemptions, particularly on essential items and services. However, the tourism and hospitality sectors are not exempt and would attract a...
Continue ReadingThe Taxable Value for VAT in Oman is the value that is chargeable to VAT. It shall include all expenses charged by the taxable provider to the customer, any...
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