RCM Under VAT

This discussion explores the application of the Reverse Charge Mechanism (RCM) within a VAT regime, specifically focusing on import purchases. While initially questioning its existence, the conversation clarifies that RCM does apply under VAT, with Oman's VAT law (Article 151) being referenced as an example. The participants aim to understand the correct booking and claiming entries for these transactions under the new Omani VAT system.