VAT’s UP
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VAT’s UP
Oman: Over 90 food items will be subjected to VAT at zero percent
Muscat- January 13, 2021:
The Chairman of the Tax Authority issued three executive decisions related to the implementation of the value-added tax, which will come into effect on April 16 of this year 2021.
Ministerial Decree 2/2021, dated 4 January 2021, detailed the list of around 93 food items that will be subject to VAT at the zero rate in Oman.
The list includes the following food products :
- Meat, fish and poultry
- Milk and dairy products
- Fresh eggs, vegetables and fruits
- Coffee and tea
- Cardamom creels
- Olive oil
- Sugar
- Bread
- Salt
- Bottled drinking water
- Nutritional preparations for children