Oman Publishes Implementing Regulations for New VAT Regime

Oman has published Ministerial Decision 53/2021 in the Official Gazette, which contains implementing regulations for the Value Added Tax Law introduced by Royal Decree No. 121/2020. The Royal Decree was published on 18 October 2020 and enters into force on 16 April 2021. Ministerial Decision 53/2021, which is currently only available in Arabic, provides detailed rules for Oman's new VAT regime…
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