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.
Transitional registration guidelines under Oman VAT
Registrations for VAT have already begun in the Sultanate. Now that the country is in the transition stage, the Oman Tax Authority has come up with...
Import and export under Oman VAT
What is an import of goods in Oman?
An import of goods takes place when goods enter the Sultanate from outside the GCC region in any way (by air,...