A September 1, 2021 implementation date may achieve a reasonable balance between providing sufficient time for businesses and individuals to prepare for the impact from the implementation of VAT, while consciously moving toward contributing to diversifying and stabilising the local economy as early as possible, she said. “The effective date is expected to be confirmed imminently,” Joanne added, “with a possibility of a delay until 2022.”
Source: timesofoman.com
Latest Posts in "Oman"
- Oman CPA Sets Mandatory Invoice and Contract Requirements to Protect Consumer Rights
- Oman’s Fawtara: Phased Rollout of Mandatory B2B E-Invoicing Begins August 2026
- Oman Showcases E-Invoicing Progress at 2025 Exchange Summit in Singapore, Strengthening Global Collaboration
- Oman prepares to formally adopt the Peppol 5-corner model
- Oman Tax Authority Updates E-Invoicing FAQs, Phased Rollout Begins August 2026 for Large Companies
