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Oman Introduces Amendments to VAT Executive Regulations, Expands Tax Refund Schemes

  • Oman has introduced amendments to the VAT Executive Regulations.
  • The amendments include the addition of a new provision for tax refunds.
  • Three new input VAT refund schemes have been implemented.
  • The conditions for requesting a VAT refund remain the same for all three schemes.
  • The Tax Authority must decide on refund requests within 30 days.
  • Once approved, the Tax Authority is obligated to refund the stated amount within 15 days.
  • Different documents must be attached to the forms for each refund scheme.
  • Non-profit charitable organizations can request a VAT refund on goods and services related to charitable activities.
  • Excess VAT paid on imports from a non-taxable person can be refunded.
  • VAT collected on imported goods that are re-exported can also be refunded.
  • More information can be found in Tax Authority Resolution No. 521 of 2023.

Source: mailchi.mp

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.

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