- A new electronic invoicing system will be introduced in Oman in 2023, with businesses required to comply with the new regulations.
- The details of the proposal have not yet been released, but it is expected that the system will be based on models already in place in other Gulf Cooperation Council countries.
- The new system is expected to make it easier to detect VAT fraud and evasion, while providing greater transparency in commercial transactions. VAT-registered taxpayers will need to adapt their business processes to comply with the new regulations.
Source Cleartax
Latest Posts in "Oman"
- New VAT Guidance Clarifies Intra-GCC Imports, Zero-Rated Exports, and Refund Procedures
- Tax Authority Launches Campaign to Educate Consumers on Zero-Rated VAT Goods
- Tax Authority Unveils “Fawtara” Visual Identity and Digital Services at COMEX2025
- FSA Hosts Accounting Seminar and Launches New Electronic Licensing System
- Oman Moves Toward e-Invoicing that could start in 2026
