The Oman Tax Authority (OTA) has issued Decision No. 456 of 2022, amending the VAT Executive Regulations.

What are the key changes?

Issue time of the tax invoice

 

The previous regulation did not specify a timeline for the tax invoice issuance. Now, the law states that tax invoices must be issued within 15 days following the various cases stipulated in article (143).

 

Penalties

 

A…

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