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Oman: The Obligation Phase of Digital Tax Stamps has begun with Inspections
Muscat February 5, 2023:
Oman Tax Authority (OTA) has commenced the phase of mandatory local obligation with respective to its decision of Tax Stamp implementation in the Sultanate of Oman. Inspectors of the Tax Authority have conducted inspections in many local markets since the first of February to ensure that the Digital Tax Stamp (DTS) is being put on the products of excise goods.
The system of Tax Stamps aims to protect the consumer from counterfeit excise goods. The tax stamps are scanned at the entry points to the Sultanate of Oman to ensure that the products are original and intact, and to reduce the incidence of smuggling these products to the Sultanate. This move thereby reduces the possibility of evasion from Excise Tax while ensuring timely and effective tax collection and meeting compliance standards under the WHO (FCTC).