Basics of VAT in Oman
Value Added Tax (VAT) is a form of indirect tax levied on good and services which are bought, sold, or imported into the Sultanate.
Transition under VAT in Oman
The transitional provisions are a set of regulations that are supposed to help businesses modify their processes and ensure a smooth move to the new tax system.
Supply under Oman VAT
A supply refers to goods or services that are exchanged between a buyer and a seller for the purpose of consumption.