Muscat – Oman is planning to start implementing the Value Added Tax (VAT) on the 1st of September 2019.
The Ministry of Finance said that the date, which was announced, remains under review before taking a final decision.
The proposal will go through various levels, including the State Council and Majlis Ash’shura, among others before its endorsement.
A seminar organised by Oman Chamber of Commerce and Industry (OCCI) discussed the ideal timing for the launch of this particular tax, especially when the economy is facing some challenges.
Sulaiman bin Salim al Adi, Director-General of Survey and Tax Agreements said that the VAT will be not imposed in the health, education, part of the housing and logistics sectors and 94 food items.
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