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INSIGHTS
Since the introduction of Value Added Tax (VAT) in April 2021, Oman has joined its GCC peers in adopting one of the world’s most common indirect tax systems. With a standard 5% rate and detailed Executive Regulations, VAT affects nearly every business transaction in the Sultanate. VAT Scope and Rates
Transitioning to a sugar-based excise regime brings new compliance risks — from default high-tier classification to missing lab reports and audit exposure. Here’s what businesses must watch out for. Key Risks: Default to high sugar tier: Products without lab evidence will be taxed at the highest rate until proven lower.
Beyond the new depreciation rules, 2025 brings several Corporate Tax updates that impact how UAE businesses report and comply. Other Updates: Amendments to Ministerial Decision 82 (2023): Clarifies audited financial statement requirements for tax groups. Unincorporated Partnerships: These can now elect to be treated as taxable entities with FTA approval.
One of the most impactful parts of VATP040 is how “composite supply” vs “multiple supplies” is now defined. This matters a lot for businesses’ bundling services or products together. Key Changes: Pricing clarity matters: If underlying contracts or invoices break down component pricing, the supply can’t be treated as one
Decision 99/2025 sets the stage, but the real shift is January 2026 — that’s when the sugar-based excise tax kicks in. This roadmap walks through the key milestones and what should be on your timeline. Key Milestones: Sept 2025: Decision 99 becomes effective (9 September 2025). Sep 2025: Excise Public
The new depreciation decision bridges a long-standing gap between fair-value accounting under IFRS and the cost-based approach used for Corporate Tax, creating a more balanced framework. Points of Alignment: Creates parity between cost-basis and fair-value taxpayers. Requires coordination between accounting teams and tax advisors. Tax depreciation capped at 4% of
Saudi’s new VAT regulation amendments have reshaped the rules for VAT groups. Some benefits may shrink under stricter eligibility criteria and increased disclosure demands. Key Adjustments to VAT Grouping Stricter eligibility — some entities (e.g. free zone entities) may be excluded. Each group member must satisfy new conditions individually. Restrictions
Transitioning to a sugar-based excise regime brings new compliance risks — from default high-tier classification to missing lab reports and audit exposure. Here’s what businesses must watch out for. Key Risks: Default to high sugar tier: Products without lab evidence will be taxed at highest rate until proven lower. Lab
The new decision doesn’t just introduce depreciation—it also sets out recapture rules and guidance for transfers, restructurings, and group reorganizations involving investment properties. Recapture & Transfers: Depreciation claimed must be added back (recaptured) upon sale or transfer of property. Relief may apply for intra-group transfers or approved restructurings. For related-party
One of the most impactful parts of VATP040 is how “composite supply” vs “multiple supplies” is now defined. This matters a lot for businesses bundling services or products together. Key Changes: Pricing clarity matters: If underlying contracts or invoices break down component pricing, the supply can’t be treated as one
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