Oman has recently announced that it will delay the introduction of VAT until at least 2022. Oman is part of the six-country Gulf Cooperation Council (GCC) and all of these countries had agreed to implement a harmonised VAT regime of…
Oman
Oman has recently announced that it will delay the introduction of VAT until at least 2022.
Oman is part of the six-country Gulf Cooperation Council (GCC) and all of these countries had agreed to implement a harmonised VAT regime of 5%. The GCC countries consist of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
The above information was kindly provided by Fiscal Solutions (UK), www.fiscalsolutions.co.uk; contact: [email protected].
