- Oman introduced VAT in April 2021 with a standard 5% rate.
- Most goods and services are taxed, but healthcare, education, financial services, and some real estate are exempt; exports and essential food are zero-rated.
- Registered businesses must charge VAT, issue compliant invoices, file electronic VAT returns quarterly, and keep records for 10 years.
- The guide covers reclaiming input VAT, making adjustments, and maintaining strong record-keeping.
Source: acme-group.me
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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