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    • Oman VAT News
    16
    Nov

    Oman VAT 2021


    On the 12th October 2020, the Sultan of Oman, Sultan Haitham bin Tariq bin Taimur, issued Royal Decree  to implement VAT in Oman at a rate of 5% starting from April 2021. Oman will be the fourth GCC State to introduce VAT, after UAE, KSA, and Bahrain. With less than 6 months to go, this latest announcement means that all businesses in Oman must assess the potential impact of VAT on their business and determine their VAT implementation plans. With the expected release of the VAT Executive Regulations in December 2020, all business should complete their VAT implementation and be prepared to charge and account for Value Added Tax on their supplies from day one.

     


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    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.