Sultanate of Oman Tax Authority has announced the launch of a VAT e-invoicing system within 2024. The e-invoicing system will be rolled out voluntarily in April 2024 and is scheduled to become mandatory for large entities operating within the country starting in October 2024.
While official communication detailing the features of the e-invoicing system is yet to be published, it is speculated that Oman may adopt a Continuous Transaction Control (CTC) e-invoicing model. This model would enable real-time validation of invoices by the tax authority.
Oman introduced its VAT system in April 2021, following in the footsteps of other Gulf countries. Among these nations, only Saudi Arabia has a mandatory e-invoice regime in place since 2021. United Arab Emirates and Bahrain are also expected to introduce similar regimes.
