KPMG

Policy & Legal Updates

Oman Amends VAT Rules Ahead of Phased 2027 E-Invoicing Rollout

The Oman Tax Authority has amended its VAT executive regulations under Decision No. 189/2026 to introduce mandatory electronic invoicing starting April 1, 2027. Businesses with annual supplies above approximately $13 million will be subject to the first phase, with other VAT-registered entities following on October 1, 2027. The updated rules mandate approved electronic formats, 15-day issuance deadlines, and robust cybersecurity and business continuity controls.

China–UAE News

Radiant World Misses September Salary Payments for Employees Amid Restructuring

Employees at iron ore trader Radiant World in Singapore, China, and Europe reported that their September salaries were not paid on schedule, according to The Straits Times. Staff indicated that recent salaries had been disbursed from a company account in Dubai, with the delay occurring as court-appointed interim judicial managers KPMG assume oversight of operations. The disruption follows legal actions by multiple lenders alleging the company raised financing using falsified documents, claims the trader has previously denied.