Oman has published Ministerial Decision 53/2021 in the Official Gazette, which contains implementing regulations for the Value Added Tax Law introduced by Royal Decree No. 121/2020. The Royal Decree was published on 18 October 2020 and enters into force on 16 April 2021. Ministerial Decision 53/2021, which is currently only available in Arabic, provides detailed rules for Oman's new VAT regime, including in relation to the imposition of VAT, the taxable value and calculation of VAT, the exempted and zero-rated supplies, registration requirements, invoice requirements, VAT payment and refund requirements, etc. As previously reported, VAT will be applied from 16...