Oman says to establish 5% VAT within six months

Oman says to establish 5% VAT within six months

Oman to introduce 5% VAT within six months

Oman to introduce 5% VAT within six months

The sultanate intended to impose five percent VAT in 2018, but postponed it until 2020. (Shutterstock)

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Updated 14 min 10 sec ago

Arab News

Oman to introduce 5% VAT within six months

The tax is expected to have limited impact on living costs

Updated 14 min 10 sec ago

Arab News

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DUBAI: The Sultan of Oman, Haitham bin Tariq Al-Said, issued a decree on Monday to start imposing a five percent value-added tax (VAT) within six months.

Oman News Agency said that a law was also issued to amend some provisions of the Criminal Procedures Law, and that the VAT law will be imposed on most goods and services, with some exceptions.

The government said it will have a limited impact on the