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الوطن
Amendment to VAT Law Regulations
The Tax Authority in the Sultanate of Oman has issued a decision to amend the executive regulations of the Value Added Tax law. The amendment includes the issuance of electronic, secure, and reliable tax invoices, with the aim of enhancing tax compliance, increasing transparency, and improving the efficiency of tax procedures. The system entails the mandatory issuance of electronic invoices starting from April 2027 for companies with annual sales exceeding 5 million Omani rials, and from October 2027 for those with lower sales. The initiative aims to reduce errors and manipulation, support digital transformation, and achieve a significant upgrade in tax management by digitizing the processes of issuing and exchanging invoices, with technical support from accredited service providers. It is also part of Oman Vision 2040, which seeks to promote digital transformation and develop economic data.
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