Exemption Reason Code List
This code list defines the reasons for VAT exemption applicable to supplies and imports under Oman VAT regulations. These codes are used to indicate the legal basis for applying a VAT exemption to a transaction.
About
- Syntax binding
Codes
| Code | Name/Description |
|---|---|
VATEX-OM-01 |
Qualifying Financial Services VAT exemption applicable to qualifying financial services as defined under Oman VAT regulations |
VATEX-OM-02 |
Educational Services and Related Goods and Services VAT exemption applicable to educational services and closely related goods and services |
VATEX-OM-03 |
Healthcare Services and Related Goods and Services VAT exemption applicable to healthcare services and closely related goods and services |
VATEX-OM-04 |
Residential Property Rental VAT exemption applicable to the rental of properties for residential purposes |
VATEX-OM-05 |
Local Passenger Transport VAT exemption applicable to the supply of local passenger transport services |
VATEX-OM-06 |
Undeveloped Land VAT exemption applicable to the supply of undeveloped land (bare land) |
VATEX-OM-07 |
Resale of Residential Properties VAT exemption applicable to the resale of residential properties |
VATEX-OM-08 |
Diplomatic and International Organizations Imports VAT exemption applicable to imported goods supplied to diplomatic and consular bodies, international organizations, and their entitled members |
VATEX-OM-09 |
Armed Forces and Internal Security Imports VAT exemption applicable to imports made for the Armed Forces and Internal Security Forces |
VATEX-OM-10 |
Non-Profit Charity Imports VAT exemption applicable to imported supplies for approved non-profit charitable organizations |
VATEX-OM-11 |
Returned Goods Imports VAT exemption applicable to the import of goods that are returned to the country |
VATEX-OM-12 |
Exempt or Zero-Rated Destination Imports VAT exemption applicable to imported goods where the supply of such goods is exempt from VAT or subject to zero percent VAT at the final destination |