Nortal to create VAT solution for Oman

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Nortal to create VAT solution for Oman

Oct 3, 2017 12:24 PM

Nortal a multinational strategic change and technology company will create a holistic technical solution helping Oman implement value added tax (VAT). Total cost of the solution is 10.5 million euros (...

Nortal, a multinational strategic change and technology company, will create a holistic technical solution, helping Oman implement value added tax (VAT).

Total cost of the solution is 10.5 million euros ($12.3 million).

According to Andres Raieste, head of Public Finance Management at Nortal, the solution ensures maximum accrual of VAT and effective collection of the tax with minimum administrative burden and costs, while creating a fair business environment and user-friendly services for all taxpayers.

The implementation of value added tax in Oman is part of an initiative by the GCC states to implement VAT in all member states. Nortal has been selected by Oman as a partner to provide the necessary technical solutions and establish the infrastructure for the implementation of effective tax collection in Oman.

Using modern technology, analytics and its extensive experience in creating some of the world’s most efficient VAT collection systems, Nortal has prepared a plan for Oman to introduce VAT in the best possible way for the government and society, according to Raieste.

For a successful execution of this complex project, Nortal has involved globally renowned fiscal advisors as external consultants, as well as world-class in-house experts such as Marek Helm, who has a strong background in building one of the most efficient tax organisations in the world.

Nortal has extensive experience in carrying out mission-critical and high-impact projects across Europe, the Middle East and Africa, and been a partner and vendor for some of the most efficient tax organizations in the world. The company has built roughly a third of Estonia’s e-government solutions, as well as played a substantial role in helping to create an acclaimed tax solution ranked as the most competitive tax system in the OECD, according to the Tax Foundation report. – TradeArabia News Service

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