
Tax Updates for Oman
The Tax Authority has announced the regulations and terms for income tax exemption for all businesses operating in the following the high directives of His
The Tax Authority has announced the regulations and terms for income tax exemption for all businesses operating in the following the high directives of His
The provisions of the VAT Executive Regulations in Oman have classified the Special Economic Zone in Duqm and the Free Zones in Salalah, Sohar, and
The tax administration opened up the registration for Value Added Tax and published a guide to the registration process on how to register for VAT
Note : The crucial measures to bring about income generation included in the plan are VAT introduction on 2021 , personal income tax for high
With the implementation of a 5% VAT in Oman it is estimated that this year will be estimated to bring in OR300 million . According
From April, 16 2021 three Executive Decisions under VAT will come into force.These decisions were published by the Chairman of Tax Authority (TA). After implementing
VAT ? VAT has been implemented in more than 160 countries around the world.It is an indirect tax paid & charged at each stage of
The prescribed date for VAT registration in Oman with the Oman Tax authority is between February 1-2021 and March 15- 2021 . This will be
From April 16, 2021 the new list of food products that have been zero-rated for Value Added Tax (VAT) will be established by the Omani
It is confirmed that in the beginning of the year 2021 , Oman will be applying five percent Value Added Tax . In the year