Muscat Oman has confirmed the introduction of Value Added Tax (VAT) from April 2021. This is a significant fiscal reform with implications for every business with supply chains in, or involving, the Sultanate.
In this document, the Deloitte Oman tax experts discuss the potential impacts that businesses in the Oil and Gas, Financial Services, Consumer Business and Real Estate industries should anticipate.
In addition, the document provides an overview of the technology considerations that Omani businesses need to take into account at this stage and how the use of technology might simplify their VAT compliance processes.
Download the document to access the above information and gain a deeper understanding of Deloitte’s structured approach to the Oman VAT implementation, tax technology offerings and Oman VAT Compliance Centre.