Oman: VAT regulations issued, ready for implementation
Published 14 Mar,2021 via Muscat Daily - With Value Added Tax (VAT) coming into effect in Oman starting April 16, 2021, regulations governing its implementation have been issued by the Tax Authority.
On Sunday, the authority issued executive regulations that include procedures related to the general provisions contained in the VAT law, registration procedures, tax payment and collection as well as invoicing, objection and grievance procedures. The document contains 13 chapters that have been subdivided into 211 articles.
“All of the necessary preparations and requirements to launch VAT have been completed in terms of issues relating to taxation, preparing the necessary computer equipment, setting up online links to the bodies that govern taxation in Oman, and providing training on VAT to the workers at the Tax Authority,” said H E Saud bin Nasser bin Rashid al Shukaili, chairman of Tax Authority.
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