Oman brings VAT into effect from April 2021- What this means for businesses
Oman has set its sights on implementing a Value-Added Tax system, making it the 4th country in the GCC to do so. With a standard rate of 5%, businesses are given a six-month window from April 2021 to realign their business models to ensure VAT compliance. The oldest consumer tax system, VAT compliance, acts as …
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