Pakistan, Aug. 10 -- Oman Tax Authority has introduced mandatory electronic tax invoices as part of reforms to the country's tax system. The authority amended provisions under the Executive Regulation of the Value Added Tax Law. Officials said the new system will strengthen tax compliance and improve transparency. It will also make tax procedures more efficient and secure.

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Under the new rules, companies must issue, send and store tax invoices electronically. The invoices must follow technical standards set by the Tax Authority. The system will protect invoice data and ensure its integrity and authenticity. Electronic invoices will use XML format, allowing systems ...