🇴🇲 Sultanate of Oman
VAT 5% — Full compliance with Oman Tax Authority (OTA) requirements
VAT in Oman
Oman was the last GCC country to implement VAT, introducing a 5% rate on April 16, 2021. Administered by the Oman Tax Authority (OTA), VAT applies broadly to goods and services with exemptions for basic food items, education, and healthcare. XiKey applies the correct rate and generates OTA-compliant invoices.
- 5% VAT since April 2021
- Zero-rated: exports, basic food, medicine
- Exempt: financial services, residential rent
- OMR with 3 decimal places (Baisa)
- OTA-compliant invoice format
- VAT return preparation
Oman Compliance Requirements
Full support for Oman Tax Authority requirements
Last GCC Country to Adopt VAT
Oman implemented VAT in April 2021, two years after Bahrain. XiKey supports the correct effective date and ensures VAT is only applied to transactions after the implementation date.
OMR 3-Decimal Precision
The Omani Rial uses 3 decimal places (Baisa: 1 OMR = 1,000 Baisa). XiKey handles this precision correctly in all calculations, invoices, and reports.
OTA Invoice Requirements
The OTA requires invoices to include: Supplier name and VAT registration number, invoice date and sequential number, description of goods or services, taxable amount, and VAT rate and amount per line.
Oman Tax Overview
| Item | Details |
|---|---|
| Implementation Date | 16 April 2021 |
| Standard Rate | 5% |
| Registration Threshold | 38,500 OMR (annual turnover) |
| Return Filing Cycle | Quarterly |
| Tax Authority | OTA — Oman Tax Authority |
Ready to Deploy in Oman?
XiKey is ready to run in Oman today — 5% VAT, OTA-compliant invoicing, and OMR with 3-decimal Baisa precision.