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Introducing 5% VAT in Oman

11-11-2020

Oman published Royal Decree No. 121/2020, which promulgates the Value Added Tax Law concerning the imposition of 5% VAT within six months.

Most goods and services will be taxed, with specific exceptions in the laws and regulations. Furthermore, imports of goods into Oman will also be taxed, with specific exceptions in the laws and regulations.

For more information, contact us at inquiries@tlg.ae