Muscat (UNA) – The Value Added Tax (VAT) will be imposed in the Sultanate of Oman within 180 days from the date of publication of Royal Decree No. 121/2020 in the Official Gazette. By then, Oman will join 160 other countries in the world that impose VAT.
The 5 % AVT will be imposed on most goods and services (with the exemption of a specific set of goods and services) rendered to consumers at outlets throughout the Sultanate. It will also be imposed on imports of goods to the Sultanate, except the ones exempted by law.
The unified agreement of the Gulf Cooperation Council (GCC) on VAT, signed by member states in November 2016, defined the principles on which the VAT law is based in each GCC state. Every member country may opt for different tax adjustments to some aspects of the agreement.
http://omannews.gov.om/en-us/NewsDescription/ArtMID/392/ArticleID/21451/VAT-To-Come-Into-Force-Within-180-Days
The 5 % AVT will be imposed on most goods and services (with the exemption of a specific set of goods and services) rendered to consumers at outlets throughout the Sultanate. It will also be imposed on imports of goods to the Sultanate, except the ones exempted by law.
The unified agreement of the Gulf Cooperation Council (GCC) on VAT, signed by member states in November 2016, defined the principles on which the VAT law is based in each GCC state. Every member country may opt for different tax adjustments to some aspects of the agreement.
http://omannews.gov.om/en-us/NewsDescription/ArtMID/392/ArticleID/21451/VAT-To-Come-Into-Force-Within-180-Days
