Oman’s Tax Authority has issued three new administrative decisions expanding the list of goods subject to zero per cent value-added tax, covering basic food commodities, human medicines and medical equipment, as well as veterinary medicines and supplies, with the measures taking effect from October 1.
Royal directives issued by His Majesty Sultan Haitham bin Tarik to establish a national programme for improving the business environment and develop a long-term plan for the non-oil trade balance are set to strengthen Oman’s competitiveness, attract investment and expand its industrial and export base.