MUSCAT : On 12 October 2020, His Majesty Sultan Haitham Bin Tariq issued Royal Decree No. 121/2020 to introduce the Value Added Tax (VAT) law in Oman at the rate of 5%. VAT is a tax on consumption applied at a basic rate of five percent, to be imposed on goods and services in the Sultanate.

Wisdom Business and Training Services is hosting a Complimentary Knowledge sharing web event to discuss the development and implementation of Value Added Tax in Oman. This web event will outline what businesses need to consider including the application of VAT, Scope of the law, recording of VAT, and how businesses can prepare themselves for the changes.

This event is free and complimentary and would not only benefit Senior Executives, but also those in Accounting, Finance, Sales and Commercial operations. Omani and Foreign SME business owners and entrepreneurs would also greatly benefit from this event as it would help them prepare for the implementation of the law.

This event is being facilitated by A.V.Manohar, who is an experienced finance professional with over 40+ of diverse experience across multiple industries. Mr. Manohar recently retired as the CFO from a MSM listed SAOG Company and has also represented as a Director on various Boards across Oman. Mr. Manohar has conducted various trainings in corporates, banks, universities, schools and institutes across the country.

Wisdom Business and Training Services invites everyone to participate in this free and complimentary event which will be held on Saturday, November 7, 2020. Interested participants can register at http://events.wisdomoman.com

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