Preparing and Managing your Business for VAT Compliance in
Oman
With VAT implementation less than six months away post the
publication of the VAT Law in the Official Gazette on 18 October
2020, businesses would need to evaluate their readiness for
implementing VAT, assess their preparedness, and revisit commercial
clauses under ongoing contractual obligations with suppliers and
buyers, etc.
We at Nexdigm can efficiently handle different aspects of the
Omani VAT by assisting you by assessing the applicability of VAT,
undertaking a complete risk assessment, analyzing the current
position, suggesting a VAT compliant operating structure, and
assisting in related business provisions. Considering the
Sultanate's focus on VAT, it would be prudent for businesses to
comply and avoid a heavy penalty.
