Disclaimer: This information is intended to provide a general understanding of the relevant treatment under the Sultanate of Oman's Value Added Tax Law and aims to provide a better general understanding of taxpayers' tax obligations. It is not intended to comprehensively address all possible tax issues that may arise. While the Sultanate of Oman's Tax Authority ("TA") has taken the initiative to ensure that all information contained in this Guide is correct, the TA will not be responsible for any mistakes and inaccuracies that may be contained, or any financial loss or other incurred by individuals using the information from this Guide. All information is current at the time of preparation and is subject to change when necessary.
Copyright info:
Copyright 2020 Sultanate of Oman Tax Authority. All rights reserved.
The Guide may be withdrawn, either wholly or in part, by publication of a new guide. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form, including on-site for commercial purposes without written permission from the TA. In reproducing or quoting the contents, acknowledgment of source is required.
Introduction
Overview
The Unified VAT Agreement for the Cooperation Council for the Unified Arab States of the Gulf ("VAT Agreement") was agreed on by the Sultanate of Oman and the Gulf Cooperation Council ("GCC") Member States. Pursuant to the provisions of the Unified VAT Agreement, the Sultanate of Oman issued Royal Decree No. 121/2020 dated 12/10/2020 ("VAT Law"), and its corresponding Executive Regulations ("Executive Regulations") issued by Royal Decree No. 53/2021 dated 10/03/2021.
Sultanate of Oman Tax Authority ("TA")