Ministry of Commerce, Industry and Investment Promotion Reminds Traders of Non-Cash Rules The Ministry of Commerce, Industry and Investment Promotion (MoCIIP) has issued a regulatory reminder to all businesses involved in buying and selling precious metals and valuable stones across Oman. Under Ministerial Decision No. 425/2023, commercial entities are strictly…

Oman Tax Authority Announces Mandatory E-Invoicing Framework Oman’s Tax Authority has announced that electronic tax invoicing will become mandatory for all VAT-registered businesses starting in April 2027. The regulatory shift will completely replace conventional paper documents and standard PDF invoices with a unified, standardized digital system. Designed to modernize the…