MUSCAT – The initiative is aligned with the broader goals of Oman Vision 2040 and aims to modernize tax administration while enhancing transparency, efficiency, and trust in the business ecosystem.
“The project is currently in its initial implementation phase, which involves technical coordination and collaboration with various entities.
The launch will begin with 100 companies of the large taxpayers in the Sultanate of Oman and will later expand to include broader segments across various sectors,” stated the announcement from the Authority.
The project aims to:
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- Issue and exchange Invoices electronically.
- Enhance transparency and tax compliance
- Simplify procedures for taxpayers.
- Accelerate digital transformation in the Sultanate of Oman.
- Achieve the goals. of Oman Vision 2040.
- Reduce costs by minimising paper use.
- Ensure accurate and faster invoice processing.
- Strengthen trust between businesses and customers.
The Tax Authority has listed the following criteria for selecting the first 100 companies in the first phase of the Electronic Invoicing Project: - Business size and number of transactions.
- Diversity of economic sectors.
- Technical readiness and system integration.
- Tax compliance and cooperation with the Tax Authority.
- Willingness to support the experimental phase
- Geographic distribution across the Sultanate of Oman.
