share your expertise
Sultanate of Oman
Taxes in Oman
Oman is one of the strategically located country of the GCC region & it implemented VAT in April 2021.
Aside to VAT, Oman has Corporate Tax, Excise Tax & customs duty in the country.
Value Added Taxes
Summary
Oman was the fourth country in the GCC region to implement VAT in the region on 16th April 2021, VAT in Oman introduced as per the GCC common VAT agreement framework.
VAT registration threshold limit
- Mandatory registration: Annual Taxable supplies exceeds OMR 38,500
- Voluntary registration: Annual Taxable supplies/expenses exceeds OMR 19,250
VAT rates
- Zero rated
- Exports of goods/services
- International transportation service
- Basic food items
- Supply of qualified means of transport
- Crude oil, oil derivatives & natural gas
- Supply of precious metals (investment grade)
- Exempt
- Financial Service
- Supply of Bare land
- Supply & lease of residential real estate
- Education service
- Healthcare service
- Local passenger service
- Standard rated - VAT 5% (any supply which are not zero rate or exempt)
VAT in Oman is administered by the Oman Tax Authority (OTA).
