Oman introduces VAT: A law firm’s perspective

This alert discusses important VAT issues based on our firm’s experiences assisting clients in the region in relation to a VAT regime’s introduction:

1. Importance of contracts and appropriate VAT clauses
2. Ascertaining correct VAT treatment
3. VAT registration and gathering information from customers
4. VAT recovery issues and VAT grouping
5. VAT litigation avoidance strategies

Source: dlapiper.com