Oman: 5% tax on hotel reservations, shop rentals

Oman: 5% tax on hotel reservations, shop rentals

A 5% VAT has been applied to hotels, tourist complexes, industrial and commercial complexes, and hotel apartments, as VAT comes to force in the country on Friday, April 16.Residential rentals are excluded, according to the tax authority.With regard to tax transactions for residential real estate, the first sale of residential real estate is subject to a 5% tax, and is exempt from tax upon resale or when renting the property.Comments Read Next24 hours agoOman begins to implement VAT from today2 weeks agoOman: VAT implementation to start on April 16March 17, 2021Saudi Arabia customs clarifies taxes on new personal itemsMarch 11, 2021YouTube to tax content creators outside USDecember 5, 2020Oman to enact labor, taxation and subsidy reformsNovember 23, 2020Saudi will not reconsider 15% VAT increase in short to medium-termNovember 20, 2020Saudi Arabia to review VAT increase after COVID-19November 7, 2020Which GCC country could introduce income tax after Oman?November 2, 2020Oman plans to introduce wealth tax in 2022October 13, 2020Oman: 5% VAT to come into force within 180 days