Oil & Gas activities will be zero-rated for Value Added Tax (VAT) only for the upstream and midstream segments of Oman’s hydrocarbon business — a key source of revenue for — Omani economy. According to tax experts of leading multinational professional services network PwC, downstream elements of the business — encompassing refining and petrochemicals — …
The post Further clarity awaited on VAT for Oman’s oil and gas industry first appeared on Hellenic Shipping News Worldwide.
Author: Capt....
https://www.hellenicshippingnews.com/further-clarity-awaited-on-vat-for-omans-oil-and-gas-industry/