Oman plans for e-Invoicing
Following the path of other countries in the region like Saudi Arabia or Jordan, Oman has begun moving towards an electronic invoicing plan.
In October 2020, the Sultanate of Oman announced the implementation of Value Added Tax (VAT) effective from 16 April 2021 and published its VAT Law through Royal Decree no. 121/2020.
On October 2022, Ministerial Decision 1463 was published amending the Oman Value Added Tax (VAT) Executive Regulations (Executive Regulations). It included some changes and amendments, such as information on electronic invoicing. It defined an Electronic Tax Invoice as “a tax invoice that is generated in a structured format through electronic means.”
Recently, Oman’s Tax Authority announced its intention to transition to e-Invoicing but with no confirmed timeline or details about the model. We will update you with new information as soon as the regulations are released.
Countries with current mandates or plans for e-Invoicing
Saudi Arabia was the first country to introduce mandatory B2B e-Invoicing in the Middle East region. The integration phase is being carried out gradually, with the upcoming deadlines still ongoing:
- As of October 1, 2023, taxpayers that are obliged to connect to ZATCA are those with revenues subject to VAT surpassing SAR 250 million Saudi Rials.
- As of November 1, 2023, taxpayers that are obliged to connect to ZATCA are those with revenues subject to VAT surpassing SAR 150 million Saudi Rials.
- As of December 1, 2023, taxpayers that are obliged to connect to ZATCA are those with revenues subject to VAT surpassing SAR 100 million Saudi Rials.
Jordan is preparing for the widespread adoption of electronic invoicing. The ISTD (Income and Sales Tax Department) has launched its national electronic invoicing solution with the goal of gradual adoption among companies.
Currently, the use of electronic invoicing is optional, but the government strongly encourages companies to participate in the system as a measure to prevent unethical practices.
