Oman to introduce five per cent Value-Added Tax (VAT) starting April 16 onwards. Is your accounting documentation ready?_

Oman-to-introduce-five-per-cent-Value-Added-Tax

An estimated 1.5 per cent increase towards the country’s gross domestic product (GDP) is projected once the VAT is introduced. This will have a positive impact on the economic and social development and the international competitiveness of the Sultanate. The implementation of the 5% VAT comes in line with the GCC framework that was agreed upon between the six-nation bloc. The neighbouring countries like the UAE, Saudi Arabia and Bahrain have already levied with their VAT. Read More

eid-mubarak-2021-cresco-holding

Our UAE offices are closed from June 28 - 30, 2023,  you may still reach us on
+971 4 406 9680 as our team in Seychelles and the Philippines remain at your disposal. Eid Mubarak!