Profit Margin Items Code List

This code list defines the categories of goods eligible for the application of the profit margin scheme under Oman VAT regulations. These codes are used to identify items for which VAT is calculated based on the profit margin rather than the full selling price.

About

Syntax binding

ubl:CreditNote / cac:CreditNoteLine / cac:Item / cac:AdditionalItemProperty / cbc:NameCode

Codes

Code	Name/Description
VATPM-OM-01	Tangible Movable Property. Goods consisting of tangible movable property eligible for the profit margin scheme.
VATPM-OM-02	Antiques. Antique items eligible for the profit margin scheme.
VATPM-OM-03	Art Works. Works of art eligible for the profit margin scheme.
VATPM-OM-04	Items of scientific, historical, or archaeological importance. Items of scientific, historical, or archaeological importance eligible for the profit margin scheme.
VATPM-OM-05	Assets of collectors. Collectors' items eligible for the profit margin scheme.