We advise you on your VAT registration and return filing obligations in Oman and UAE.We assist you in your accounting and net VAT payment calculations.
Corporate Income Tax Advisory
We assist you in obtaining Tax Identification Number (TIN) to procure your Tax Card which replaces Tax Certificate w.e.f. 01 July 2020. We also assist you in filing your annual Income Tax return and withholding tax return..
Year End Closing and Preparation of Financial Statements
Our expert team can assist your accountant on period closing and producing Financial Statements compliant with International Standards and legal requirements in Oman and UAE..
Onsite Accounting Support
We provide onsite accounting support by deploying qualified CAs,ACCAs,CPAs and experienced accounting resources to complete your backlog or handle your Sales, Procurement,Payable,Receivables,Payroll or Inventory Modules.
Our member firms are licensed to provide External Audit Services in Oman and UAE.We can provide quality external audit services..
100 % Payment Verification Services
We deploy our experinced team to conduct 100% verification of all your bank and cash payments to provide your assurance or highlight exceptions that all payments are supported by documentation as specified by your policies and procedures..
Meet Our Leaders
Dalal Al Hadrami
VAT and Income Tax Advisory Leader
Dalal worked in world’s largest professional audit and advisory firm Deloitte and Touche for more that seven years before joining OEAA.She assists our clients in filing their VAT and Tax returns and provide assistance during Tax Assessment and queries.
Internal Audit Services Leader
Sanesh Leads our Risk Advisory and Internal Audit Services. He also handles projects of designing policies and procedures of the clients. He specialises in the design and implementation of Internal controls,
External Audit Services Leader
Riyas leads External Audit practice of OEAA in Oman.He has more than twelve year of experience in Audit, Accounting and Advisory. He is also IFRS leader for our Oman and UAE practice.
Farley Paul M.
Accounting Services Leader
Farley leads our outsourced accouting services and has vast experience in handling accotuing softwares including Oarcle Financials.
Years of Exp
Presence in Oman and UAE
We don’t want to be mere advisors
but your true business partners.
Oman VAT News
OMAN VAT EFFECTIVE DATE
Royal Decree 121/2020 has been published in Official Gazzette on 18 October 2020 and VAT will be payable from 16 April 2021. Oman Tax Authority is mandated to issue Executive Regulations of VAT within six months.
OMAN VAT REGISTRATION
Oman VAT registrations are expected to start from January 2021.VAT Law has not specified the mandatory registration threshold but it is expected to be OMR 38,500 ($100,000) taking clue from the GCC VAT framework.
OMAN VAT RETURN FILING
Oman VAT Law has not specified the periodicity of VAT return filing althopugh it states that VAT return shall be filed within 30 days from tax period end. We expect that VAT return shall be quarterly looking at other GCC countries that had implemented VAT.