Based on the Value Added Tax Law promulgated by Royal Decree 121/2020,
and in pursuance of public interest,
it is hereby decided
Article I
The mandatory registration threshold in the application of article 55 of the aforementioned Value Added Tax Law is 38,500 (thirty-eight thousand five hundred) Rial Omani.
Article II
The voluntary registration threshold in the application of article 61 of the aforementioned Value Added Tax Law is 19,250 (nineteen thousand two hundred and fifty) Rial Omani.
Article III
This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.
Issued on: 20 Jumada Al-Awwal 1442
Corresponding to: 4 January 2021
Saud bin Nasser Al-Shukaili
Chairman of the Tax Authority
Published in Official Gazette 1374 issued on 10 January 2021.