- Oman is following the lead of other countries in the region by implementing an electronic invoicing plan.
- The implementation of Value Added Tax (VAT) in Oman was announced in October 2020 and will be effective from 16 April 2021.
- Ministerial Decision 1463 was published in October 2022, which included changes and amendments to the Oman Value Added Tax (VAT) Executive Regulations, including information on electronic invoicing.
- An Electronic Tax Invoice is defined as a tax invoice that is generated in a structured format through electronic means.
- Oman’s Tax Authority has announced its intention to transition to e-Invoicing, but no timeline or details about the model have been confirmed yet.
Source: edicomgroup.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
