Dr. Said Mohammed Al Saqri, Minister of Economy has affirmed the recovery of the Omani economy from the impact of the Covid-19 pandemic. This, said the minister, reflects positive developments in the performance of overall indicators, as the Omani economy witnessed a growth in fixed prices, amounting to 2.1 percent during the first half of 2023.
The most prominent initiatives aimed at reducing the effects of inflation are fixing fuel prices, expanding the time frame for redirecting subsidies to electricity, expanding the list of goods exempted from value-added tax (VAT) to reach 513.
Source: Zawya
Latest Posts in "Oman"
- 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
- Oman to Implement E-Invoicing for Selected Taxpayers Starting August 2026
