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Who is responsible for VAT tax payment?

The following are obligated to pay Tax: 1.Taxable Person who conducts the Supply of Goods and Services in the Sultanate; 2.The Taxable Customer receiving Goods and Services in the Sultanate from a Non-Resident Supplier in accordance to the Reverse Charge Mechanism by...

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Oman legal framework for VAT

VAT in Oman is codified under the following texts: The Unified Agreement for Value Added Tax of the Cooperation Council for the Arab States of the Gulf (the Framework) contains the VAT general principles and rules agreed at GCC level. The Framework was ratified in...

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Who needs to consider VAT registration

The obligation to register applies for both resident persons in Oman and non-resident persons that have economic activity in the Sultanate. The VAT registration will allow these persons to be identified with the tax authority as “taxable persons” which are duly...

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VAT in Oman

Oman government representatives have said that the state is looking to implement a 5% VAT regime from 1 September 2019. In 2017, it signed the Gulf Cooperation Council VAT Framework Agreement. This included: Saudi Arabia, Qatar, UAE, Bahrain and Kuwait. Only Saudi...

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Will VAT affect the price charged to customers?

In the retail sector, whether the price of supplies of goods and services is increased by an additional amount of VAT depends on the contract between the supplier and the customer in Oman. If the contract allows adding VAT on top of the agreed price, the end price...

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How does VAT work in Oman?

If, as a VAT-registered person, you make taxable supplies (i.e., supplies of goods or services subject to VAT), you must charge VAT on your supplies, and pay it to the Tax Authority of the Sultanate of Oman. This is your “output tax”. The VAT charged by your suppliers...

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What is VAT?

VAT is an indirect tax charged on consumption and is levied on the supply and import of goods and services in Oman It is charged on the exchange of goods and services, which includes production, sales, and purchase in addition to all leasable transactions. VAT is a...

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VAT refund for participants of Expo 2020 Dubai

The method for claiming a VAT refund on the four categories of expenses will differ depending on whether or not the Official Participant is registered for UAE VAT. Four categories of expenses eligible for a refund are: The VAT incurred by the Official Participant on...

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