Fiscal Balance Plan – OMAN

Note : The crucial measures to bring about income generation included in the plan are VAT introduction on 2021 , personal income tax for high income earners , and excise…

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Abstract of VAT’s Executive Decisions

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 the provisions of VAT law…

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Facts behind VAT in OMAN

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 supply chain for goods…

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Value Added Tax in OMAN

It is confirmed that in the beginning of the year 2021 , Oman will be applying five percent Value Added Tax . In the year 2018 all the six states…

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