This week EY held Reshaping the Future of Tax 2023 – Oman seminar to address key tax topics relevant to businesses operating in the country. The event provided the latest updates on the local, regional, and global tax environment, tax policies, recent tax trends across the MENA region with a focus on the GCC, as well as sustainability.
In addition to key Oman tax practices, attendees went over general recent tax trends across MENA, tax policy evolution, VAT developments, the introduction of the UAE Corporate Tax, transfer pricing developments and the progress of BEPS Pillar 2. The tax seminar saw the participation of over 150 CFOs, tax directors, tax and finance managers, lawyers, and business owners.
The VAT Journey in Oman
The Oman tax landscape has seen several amendments to VAT laws over the past 12 months. On 15 October 2022, the VAT Executive Regulations were amended, with 10 amendments to existing articles, and the inclusion of 2 additional clauses to existing articles.
Source: www.zawya.com
