Oman exempts 500 food products from VAT

Close to 500 food products commonly used in Oman will be exempt from Value Added Tax once it comes into effect, local media reported.

Details on the specific products have not been disclosed by the source.

VAT is expected to come into effect across the country on April 16. Under the scheme, the number of basic food commodities charged a zero rate VAT will be increased to 488 from 93.

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