The amendment establishes that the phased implementation is based on an annual threshold of 5 million OMR:
- April 1, 2027: Taxpayers with annual revenue exceeding 5 million OMR (ca. 11.25 million EUR)
- October 1, 2027: Taxpayers with annual revenue not exceeding 5 million OMR (ca. 11.25 million EUR)
This represents a revision to the previously outlined timeline, under which all large VAT-registered taxpayers were expected to come into scope February 1, 2027, and the remaining VAT-registered taxp…