Muscat: Building on its long-standing relationship with the public sector, the National Bank of Oman (NBO) has been selected by the Tax Authority as its exclusive bank to manage the strategic account for Value Added Tax (VAT), which was introduced in May to add additional revenue to the government’s overall income as outlined in Oman’s 2040 Vision.
Hassan Abdul Amir Shaban, NBO’s General Manager - Chief Government Banking Officer, said, “We would like to thank the Tax Authority for their trust and confidence they have shown in our brand and our financial services by assigning such an important strategic account to NBO. We are proud of our long-standing relationship with the government which is in line with our commitment towards the country’s economic development.”
Through a number of partnerships with both public and private entities, NBO is providing integrated banking services with an innovative approach. With a range of compelling solutions, products and world-class customer service, the bank is helping to support the Sultanate’s development, while cementing its position as a preferred financial institution.