Alumni Contact Enquiry Subscribe

Search
Search
People and Culture

People and Culture

We respect and care for our team, clients and society alike
SKP Case Studies

Case Studies

Unique challenges lead to innovative yet relevant solutions
SKP Latest Insights

Insights

Read our latest updates

Latest Thinking

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.

In April 2021, the Ministry of Food Processing Industries (MoFPI) released the Production Linked Incentive (PLI) scheme for the food processing industry. This move was taken to upgrade the local manufacturing ecosystem for select product segments in India, with the aim to create global food champions in the country. We have briefly covered the scheme outline and details of segments and their available incentives.

Production Linked Incentive Scheme - Food Processing Sector

In April 2021, the Ministry of Food Processing Industries (MoFPI) released the Production Linked Incentive (PLI) scheme for the food processing industry. This move was taken to upgrade the local manufacturing ecosystem for select product segments in India, with the aim to create global food champions in the country. We have briefly covered the scheme outline and details of segments and their available incentives.

Updates

Tax Street May 2021
Tax Street May 2021

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

FATCA and CRS Reporting for Calendar Year 2020 due in June 2021
FATCA and CRS Reporting for Calendar Year 2020 due in June 2021

Foreign Account Tax Compliance Act (FATCA) is a US legislation that requires Financial Institutions (FIs) to report information on financial accounts held by US persons.


ABOUT

The Group Who We Are Brand Story - Nexdigm Awards The Team

SERVICES

Business Services Business Process Management Operations & Finance Transformation Strategic Initiatives Technology Advisory Professional Services Entity Set-Up & Management/Corporate Services Taxation Assurance & Risk Advisory Transaction Advisory

INSIGHTS

Tax Alerts Business Alerts Other Alerts GCC VAT Alerts Updates Publications

CAREERS

Current Opportunities Upload Your Resume People And Culture

ASSOCIATES

Tricor

GLOBAL

USA UAE Japan

Home Contact Inquiry Sitemap Disclaimer Privacy policy Ad and cookie policy

© 2021 Nexdigm Private Limited.
All Rights Reserved. Best viewed on Internet Explorer 10 and above, Mozilla Firefox, Google Chrome and Safari.

Nexdigm Private Limited is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and the member firms of the Nexia International network (including those members which trade under a name which includes the word NEXIA) are not part of a worldwide partnership. Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members. Each member firm within the Nexia International network is a separate legal entity.


Please enter your contact details to receive a link to download the publication.

  • You can also subscribe to our updates by clicking here


fields marked with * are mandatory