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Fast-Track Your Path to
e-Invoicing Compliance in Oman

Streamline your business with a digitized invoicing system

The Sultanate of Oman Tax Authority’s Plan for Implementing e-Invoicing

The Sultanate of Oman Tax Authority (OTA) intended to roll out e-invoicing rules in Oman in 2024. But while there have not been any updates on their plans, or possible timelines, it is expected to be implemented in 2025. In Decision No. 456 of 2022, issued to amend the Value Added Tax (VAT) Executive Regulations, the OTA defined e-invoices as “a tax invoice generated in a structured format through electronic means, containing at least the details specified in the VAT Executive Regulations.”

The OTA issued a tender for the design, implementation, and management of an Integrated E-invoice Platform (IEP). It is expected to adopt the PEPPOL 5-corner model for e-invoicing where all e-invoices will be validated, stored, and overseen by the OTA through a middleware platform that will connect buyers, suppliers, and the OTA.

What Does it Mean for Organizations

Once the e-invoicing rules come into effect, organizations in Oman will have to first understand the requirements and then update their invoicing processes to ensure compliance. They will have to deploy an E-Invoice Generating Solution (EGS) that can integrate with their existing revenue management systems. They must also partner with approved service providers for invoice validation and exchange. They must establish comprehensive processes to handle e-invoice validation and clearance processes to handle errors, if any. This means overhauling existing manual processes and moving to an electronic billing system (a robust technology platform) that can automate and manage the end-to-end invoicing process.

Key Objectives

  • Improve transaction efficiency and transparency
  • $ Help businesses improve operational efficiency
  • Accelerate the country’s digital economy
  • $ Reduce tax fraud

Scope of e-Invoicing

While there are no clear guidelines on e-invoicing in Oman, the rules are expected to apply to:

  • B2B transactions
  • B2G (Business to Government) and G2B (Government-to-Business)
  • B2C transactions

Count on SunTec e-Invoicing

  • Seamless Integration: A platform and network agnostic product that effortlessly integrates with any e-invoicing platform through any interoperable network
  • System Compatibility: Multiple integration options allow seamless connectivity with your existing systems for transaction and data flow, making it system agnostic
  • Open Architecture: Featuring a flexible, open software architecture that supports APIs, facilitating easy integration with Enterprise Content Management (ECM) and Document Management Systems (DMS)
  • Customizable Invoice Templates: Generate configurable template-based invoices and credit notes in PDF format, secured with password encryption and automatically emailed to customers
  • Fully Compliant: Adheres to e-invoicing and Continuous Transaction Control regulations across various countries, with the flexibility to adapt to evolving regulatory standards
  • Automated Registration: Streamlined automated process for e-invoicing application registration with regulatory authority systems or portals, ensuring swift compliance
  • Proactive Regulatory Support: Stay ahead of regulatory changes with continuous updates, insights into business impacts, and guidance on how to manage these shifts effectively
  • Comprehensive Reporting: Access out-of-the-box reports and interactive dashboards for real-time analysis, with a powerful Generic Extract tool for custom data extraction

Prepare for a smooth e-invoicing transition – reach out to us today!

Resources to Help Navigate Your e-Invoicing Journey

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Banking on Augmentation: The Business Transformation Case

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Take the first step towards e-invoicing excellence.

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