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October 19, 2020
2020-2503

Wednesday, October 21 | Introduction of VAT in Oman – what business should do to prepare (1:00 am ET) (9:00 am Oman)

On 12 October 2020, His Majesty Sultan Haitham Bin Tariq issued Royal Decree No. 121/2020 to introduce the value added tax (VAT) law in Oman at the rate of 5%.

In this webcast, EY Tax Leaders will outline what businesses need to consider in light of the introduction of VAT in Oman including:

  • The application of VAT
  • Exempt and zero rated supplies
  • Registration process
  • Invoices, records and returns
  • Collection and refund of tax
  • Penalties
  • What businesses should do to prepare for implementation

A Q&A session will be included in this 90-minute webcast.

We look forward to you joining us.

Date: Wednesday, 21 October 2020

Time: 1:00 a.m. - 2:30 a.m. ET (9:00 a.m. - 10:30 a.m. Oman)

Registration: View archive here.

Moderator:

Mitul Patel — Senior Manager, Indirect Tax, Ernst & Young LLC, Oman

Speakers:

Ahmed Al-Esry — EY MENA Tax Leader, Ernst & Young LLC, Oman

Alkesh Joshi — Oman Tax Partner and EY MENA Energy Sector Tax Leader, Ernst & Young LLC, Oman

David Stevens — EY MENA Indirect Tax Leader, EY Consulting LLC, Dubai

Lamya Al Ghafri — Assistant Manager, Indirect Tax, Ernst & Young LLC, Oman

Learn about and register for Thought Center webcasts

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The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

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