- The Oman Tax Authority has issued Resolution No. 521 of 2023, introducing amendments to the VAT Executive Regulations.
- The amendments allow for refunds of VAT in certain instances, including VAT paid on import from a non-taxable person in excess of the tax actually due on the import, VAT paid on imported goods upon re-export, and VAT paid by charitable organizations on its procurements.
- Specific documents are required for each type of VAT refund request.
- Certain provisions, such as the minimum refund amount and the requirement to submit relevant forms and supporting documentation, remain unchanged.
- The Authority has 30 days to review refund applications, and if no response is provided within that time, the application will be considered rejected.
- Approved refund requests must be collected within 15 days from the date of notification.
Source: premier-brains.com
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