Muscat, His Majesty Sultan Haitham Bin Tarik today issued two Royal Decrees reading as follows:

Royal Decree No. (50/2021) on the ratification of the GCC Unified Agreement on the Value Added Tax (VAT), signed on 27 November 2016.

Article (1) ratifies the GCC Unified VAT Agreement in accordance with the version attached to this Decree.

Article (2) instructs the departments concerned to deposit the document of ratifying the aforesaid agreement in accordance with its provisions.

Article (3) says that this Decree shall be published in the official gazette and enforced on its date of issue.

Royal Decree No. (51/2021) on the ratification of the GCC Unified Agreement on the Excise Tax, signed on 27 November 2016.

Article (1) ratifies the GCC Unified Agreement on the Excise Tax in accordance with the version attached to this Decree.

Article (2) instructs the departments concerned to deposit the document of ratifying the aforesaid agreement in accordance with its provisions.

Article (3) says that this Decree shall be published in the official gazette and enforced on its date of issue.

Source: Oman News Agency