UPDATE: Oman delays VAT until 2019

31 January 2018

Oman has recently announced that it will delay the introduction of Value Added Tax (VAT) in the country until at least 2019.

Oman is part of the six-country Gulf Cooperation Council (“GCC”) and all of these countries had agreed to implement a harmonised VAT regime of 5% by 2018. The GCC countries consist of Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman.