- Overview of Oman’s E-Invoicing (Fawtara): The Fawtara program aims to replace unstructured invoices with structured electronic invoices, enhancing verification, processing, and storage for compliance. It requires businesses to integrate e-invoicing into their finance processes and ERP systems.
- Implementation Timeline: E-invoicing will be rolled out in phases, starting with large taxpayers in August 2026, followed by gradual expansion through 2028. Businesses should prepare by standardizing workflows and addressing data issues well before the mandatory phases begin.
- 5-Corner Model: This model outlines the structured flow of invoices through service providers, ensuring compliance and traceability. It simplifies connections for businesses by centralizing integrations with service providers rather than requiring direct connections with every trading partner.
Source Melasoft
Briefing Document & Podcast: Oman E-Invoicing & E-Reporting – VATupdate
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
Latest Posts in "Oman"
- Peppol-Based E-Invoicing Mandate for Omani Businesses
- Oman E-Invoicing: Mandatory Rollout, Requirements, and Timeline for B2B, B2C, and B2G Transactions
- Oman Launches VAT Refund Scheme to Boost Tourism and Retail Competitiveness in the Gulf Region
- Oman to Launch VAT Refund Scheme for Tourists to Boost Regional Tourism Appeal
- Oman to Introduce Tourist VAT Refund Scheme to Boost Regional Retail Competitiveness
