Running a property portfolio in Muscat
Leases in Muscat are registered with Muscat Municipality, and the Ministry of Housing and Urban Planning oversees property. A new Real Estate Registry Law is modernizing how ownership is registered, and recent rules let expatriates buy in Integrated Tourism Complexes and more areas. VAT has applied at 5% since April 2021, and RealMake uses the treatment your tax advisor sets for each kind of income. Under Decision 189/2026, Fawtara e-invoicing is scheduled to become mandatory on 1 April 2027 for taxable persons with annual supplies above OMR 5 million, and on 1 October 2027 for all other VAT-registered businesses.