Oman implements 5% VAT on goods and services
Oman implements 5% VAT on goods and services
Oman implemented a 5 per cent value added tax (VAT) on Friday, according to a statement by the Oman News Agency.
This comes after a six-month transitional period for the application of the tax on most goods and services in addition to goods imported into the Sultanate, with some exceptions specified in the law, the statement added.
The Oman government has expanded the list of goods subject to zero-rate VAT from 93 basic food commodities to 488. Food commodities subject to zero-rate VAT are vegetables, fruits, legumes, grains, dates, spices, oils, fish,
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