VAT’s UP
Latest News Updates
VAT’s UP
Oman: Few medicines, medical equipment exempted from VAT
Muscat- April 4, 2021:
The Head of the Tax Authority has issued decision 57/2021 that outlines certain medicines and medical equipment would be subject to value-added tax (VAT) at zero rate. Based on VAT Law promulgated by Royal Decree and based on the requirements of the public interest, it was decided:
Article 1:
Supplies of medicines, herbal medicines, biological preparations, health (hygienic) preparations, food for medical use and medical equipment are subject to value-added tax at zero rates provided a release permit is issued by the Ministry of Health in accordance with the customs code.
Article 2:
This decision shall be published in the Official Gazette and be enforced from April 16, 2021.
Click here to read more.