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Impact of Value Added Tax on Consumer Behavior in Oman

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  • Dr. Mohammed Jahangir Ali

    (Associate Professor in Accounting and Finance, Department of Business Administration and Accounting, Al Buraimi University College, Post Box 77, Postal Code 512, Al Buraimi, Sultanate of |Oman.)

Abstract

SThe Value Added Tax (VAT) is a type of indirect tax that is imposed on goods and services. The VAT is considered with all other forms of taxes in many countries, the most important source of income. The Value Added Tax is directly aimed to be collected from consumers. The VAT is a tax on consumption applied at a basic rate of five percent, to be imposed on goods and services in the Oman. The Oman has imposed Value Added Tax (VAT) on a selected set of products and services on 16 April, 2021 as per 2016, GCC unified VAT Agreement. In this study tried to explore if consumers in Oman are aware of VAT, and to explore their possible react when VAT is introduced.

Suggested Citation

  • Dr. Mohammed Jahangir Ali, 2024. "Impact of Value Added Tax on Consumer Behavior in Oman," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(3s), pages 2534-2549, March.
  • Handle: RePEc:bcp:journl:v:8:y:2024:i:3s:p:2534-2549
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