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The Oman Government has published the VAT law in the official Gazette on 18 October 2020. Oman is the fourth GCC country to implement VAT after KSA, UAE and Bahrain. This law will come into effect 180 days from the date of publication. i.e. 16 April 2021.It is expected that the Executive Regulations to the abovementioned law can be issued by Tax Authority (not cabinet) by December 2020. Considering the timeline of VAT implementation, businesses would have roughly six months to prepare.

VAT in Oman

The Oman Government has published the VAT law in the official Gazette on 18 October 2020. Oman is the fourth GCC country to implement VAT after KSA, UAE and Bahrain. This law will come into effect 180 days from the date of publication. i.e. 16 April 2021.It is expected that the Executive Regulations to the abovementioned law can be issued by Tax Authority (not cabinet) by December 2020. Considering the timeline of VAT implementation, businesses would have roughly six months to prepare.

We are pleased to present Nexdigm (SKP)’s annual publication ‘TP Courtroom’ for 2020. This is our second edition that analyzes the findings of key judicial rulings of the global Transfer Pricing landscape for the year 2020. While we focus on court judgments, we also clearly recognize that the quarantine induced by COVID-19 has created damaging repercussions in court activities. In the efforts to slow the spread of COVID-19, the functioning of the justice system has been massively impacted across all countries. Most of the judicial cases are or will be, inevitably deferred, if not paralyzed. The worldwide extent of the COVID-19 crisis has confronted us again in our history, with humanityandrsquo;s eternal fragility.

TP Courtroom Around the World | 2020

We are pleased to present Nexdigm (SKP)’s annual publication ‘TP Courtroom’ for 2020. This is our second edition that analyzes the findings of key judicial rulings of the global Transfer Pricing landscape for the year 2020. While we focus on court judgments, we also clearly recognize that the quarantine induced by COVID-19 has created damaging repercussions in court activities. In the efforts to slow the spread of COVID-19, the functioning of the justice system has been massively impacted across all countries. Most of the judicial cases are or will be, inevitably deferred, if not paralyzed. The worldwide extent of the COVID-19 crisis has confronted us again in our history, with humanity’s eternal fragility.

Updates

Tax Street March 2021
Tax Street March 2021

We are pleased to present the latest edition of Tax Street – our newsletter.

New residency rules for Indian citizens staying abroad
New residency rules for Indian citizens staying abroad

India has always followed a physical presence test to determine the tax residency of individuals in India


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