Oman tax authority issues 3 VAT-related decisions
Published 06 Jan,2021 via Muscat Daily - Tax Authority on Wednesday issued three executive decisions pertaining to the implementation of the Value Added Tax (VAT), which will come into effect on April 16.
The first decision determines the minimum volume of supplies (sales), which would require a taxpayer to compulsorily register with the Tax Authority. The second one relates to deadlines for registration to the Tax Authority while the third one lists the foodstuff exempted from the VAT (zero VAT payment).
As per the first decision, registering with the Tax Authority becomes compulsory if a taxpayer’s annual supplies stand at RO38,500 or more or are expected to reach this ceiling.
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Muscat Daily