According to recent reports, the draft law for the implementation of a VAT regime in Oman has been presented to the Shura Council for consideration and, if approved, will be passed on to the State Council for approval before being sent to the Sultan of Oman to be signed into law. It is expected that this process will be completed over the coming months, with the VAT regime to be implemented in early 2021.
Further to the VAT law, draft amendments to the Income Tax Law have also reportedly bee…