In a recent development , the Tax Authority in Muscat, Oman, has declared a zero rate will apply for value-added tax (VAT), customs tax, and registration fees for electric vehicles (EVs) and EV parts in the Sultanate.
- This move aims to encourage the adoption of sustainable transportation options.
- The supply of EVs or zero-emission vehicles, along with their spare parts, is now eligible for a zero percent VAT rate subjected to fulfilment certain conditions.