Value Added Tax (VAT) is an important aspect of the Omanian tax system given that it was implemented in 2021. It does significantly contribute to the reinforcement of the revenue structure in the country and harmonizes Oman with the world…
VAT in Oman is introduced for the diversification of VAT as a revenue source to reduce the state’s reliance on oil subsidies and support for public finance. The government also permits various businesses to operate as agents. Consumers and the…