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New executive decisions on VAT implementation issued by Oman Tax Authority

By: ONA
The third decision specified the type of foodstuff exempted from the VAT. The list consists of 94 customs tariff items to be exempted from the VAT.
Muscat: The Tax Authority on Wednesday issued three executive decisions pertaining to the implementation of the Value Added Tax (VAT), which will enter enforcement stage by April 16, 2021.
The first decision determines the minimum volume of sales requiring the taxpayer to compulsorily register with the Tax Authority. The second relates to deadlines for registration to the Tax Authority while the third decision lists the foodstuff exempted from the VAT (zero VAT payment).
The first decision specified that registration to the Tax Authority becomes compulsory if the taxpayer’s annual sales stand at OMR38,500 or more or are expected to reach this ceiling. ....

Sarweshwar Biyani , Tax Authority On , Sv Pittie Sohar Textiles , Tax Authority , Value Added Tax , Vice President , சர்வேஷ்வார் பியானி , வரி அதிகாரம் ஆன் , ஸ்வ் பித்திஎ சோஹர் ஜவுளி , வரி அதிகாரம் , மதிப்பு வரி , துணை ப்ரெஸிடெஂட் ,