Six out of 10 Leading Banks in Oman Go Live with SunTec’s GCC VAT Solution for Comprehensive and Continuous Compliance with VAT Regulations

Six out of 10 Leading Banks in Oman Go Live with SunTec’s GCC VAT Solution for Comprehensive and Continuous Compliance with VAT Regulations

MUSCAT, Oman–(BUSINESS WIRE/AETOSWire)— India-based SunTec Business Solutions, the world’s #1 relationship-based pricing and billing company, today announced a major milestone in Oman, with six of the 10 local banks in the country going live with SunTec’s GCC VAT Compliance Solution. Oman implemented a nationwide VAT regime on April 16, 2021, in line with the transition to VAT across all GCC countries. Despite a short notice for implementation, SunTec’s client banks in Oman were able to execute full VAT compliance well before the deadline by capitalizing on SunTec’s uniquely designed solution…