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Following the issuance of Royal Decree No. 121/2020, the VAT Law was published in the Official Gazette of Oman on Sunday, 18 October 2020. The VAT Law contains 106 Articles divided into 13 Chapters covering provisions relating to registration, taxable … Continue reading →

UAE, Saudi Arabia and Bahrain have already levied VAT in recent years. Oman will impose five per cent value-added tax (VAT) from early next year, said an Omani minister on Tuesday. “VAT is something people don’t like it but this … Continue reading →

With an aim to increase the government revenues, Oman is planning to implement income tax to individuals earning higher incomes starting from 2022, The Arabian Stories has learnt. However, the salary bracket of individuals who will come under the income-tax … Continue reading →

Following the issuance of Royal Decree No. 121/2020, the VAT Law was published in the Official Gazette of Oman on Sunday, 18 October 2020. The VAT Law contains 106 Articles divided into 13 Chapters covering provisions relating to registration, taxable … Continue reading →