July 28, 2020 2020-1918 Oman's Majlis Al Shura approves VAT law On 21 July 2020 the Majlis Al Shura approved the Value-Added Tax (VAT) law and has now referred it on to the Majlis Al Dawla (the Council of State). As part of its first annual sitting for the ninth period (2019–2023) and following two days of discussions on the proposed VAT law, the Majlis Al Shura approved the VAT law along with a number of recommendations. It is anticipated that following the Eid holidays, the Majlis Al Dawla will review the VAT law and the final proposed VAT law may be submitted for completing the next steps for issuance of a Royal Decree to enact the VAT law. As confirmed in the past, there is still widespread acknowledgement that the VAT law should be effective and applicable from early 2021. ——————————————— CONTACTS For additional information with respect to this Alert, please contact the following: Ernst & Young LLC, Muscat - Ahmed Amor Al-Esry, MENA Tax Leader
ahmed.amor@om.ey.com - Alkesh Joshi, Oman Market Tax Leader
alkesh.joshi@om.ey.com - Mitul Patel, Indirect Tax
mitul.patel@om.ey.com - Nikhil Grover, Indirect Tax
nikhil.grover@om.ey.com - Lamya Al Ghafri, Indirect Tax
lamya.alghafri@om.ey.com
Ernst & Young Middle East (Dubai Branch) - David Stevens, MENA Indirect Tax Leader
david.stevens@ae.ey.com
Ernst & Young LLP (United States), Middle East Tax Desk, New York - Asmaa Ali
asmaa.ali1@ey.com
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