In 2019, Sultanate imported 33.11 billion kg goods making its import bill to OMR9.22 billion. April 16, 2021, when VAT will be effective in Oman, businesses will pay 5 per cent VAT on goods imported into the Sultanate in addition to import custom duty [or duty].
Source: timesofoman.com
Latest Posts in "Oman"
- Oman e-Invoicing Mandate 2026: Key Updates from the Oman Tax Authority the second consultative workshop
- Oman Adopts Peppol E-Invoicing Framework for B2B, B2G, and B2C Transactions from 2026
- Oman Unveils E-Invoicing Roadmap and Data Dictionary for VAT Compliance Rollout
- Oman e-Invoicing 2026: Key Requirements, Timeline, and How Businesses Should Prepare
- Oman e-Invoicing (Fawtara): Where It Stands and How to Prepare
