Oman: Amendments to VAT executive regulations, focus on refunds
Decision No. 521/2023 specifies additional cases and conditions for VAT refund
Decision No. 521/2023 specifies additional cases and conditions for VAT refund
The Oman tax authority has issued Decision No. 521/2023 to amend certain provisions of the Oman value added tax (VAT) executive regulations for the Oman VAT law. The decision was published in the Official Gazette on 29 October 2023 and became effective on 30 October 2023.
Decision No. 521/2023 specifies additional cases and conditions for VAT refund. The amendments concerns:
- VAT paid by non-profit charitable organizations on purchase of goods and services directly related to charitable activities
- VAT paid on import of goods from a non-taxable person in excess of the VAT due
- VAT paid on import of goods for re-export in accordance with the Common Customs Law whern customs duty paid (if any) is refunded
This is the second amendment to the executive regulations since its implementation in April 2021. The last amendment (October 2022) introduced a host of changes, unlike this one which focused only on refunds. Read TaxNewsFlash
Read a November 2023 report prepared by the KPMG member firm in Oman
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