Our Oman VAT Advisory Services


Oman VAT Registration

Executive decision issued by Oman Tax Authority on 06 January 2021 has mandated mandatory VAT registration threshold to be RO 38,500.First to register for Oman VAT would be businesses with an annual turnover of over RO 1 million. They must register between February 1 and March 15, 2021. For businesses with a turnover of over RO 500,000, the deadline for Oman VAT registration is July 1, 2021..

Oman VAT Law in English

Oman VAT Law was published in official gazette on 18 October 2020.Oman VAT implemented date is 16 April 2020.Please write to us to get unofficial translation of oman vat law in english.

Oman VAT Filing

Oman VAT Law does not specify the frequency of VAT filing although it is expected that the Oman VAT filing would be quarterly in Oman VAT regulations which would be issued soon.VAT return must be filed within 30 days from the end of period.We can assist you in your Oman VAT return filing.

Local VAT Representative Services

Article 57 of Oman VAT Law mandates that Non-Resident supplier shall appoint a tax representative as specified in regulations. If you are an exporter of goods or services to Oman, you must register under Oman VAT and appoint a representative in Oman.You may consider appointing us to handle your Oman VAT related obligations.

Oman VAT Accounting Services

Oman VAT Law makes it mandatory to maintain books of accounts.We have an experienced team to handle and provide Oman VAT Accounting services.You can outsource your Oman VAT billing , input VAT and output VAT tracking to us and we will maintain your accounts as per details provided by you.

Oman VAT Assessment Assistance

We have an experienced team to assist you in answering queries during Oman VAT assessment. We also have tie up with Law Firms in Oman to assist you during your Oman VAT assessment process to ensure that you are always compliant with Oman VAT Law..

Our Oman Income Tax Advisory Services


Oman Income Tax Registration and Tax Card

We are Oman Income Tax Consultants and provide guidance to the client so that they can comply with Oman Income Tax Law as regards obtaining Tax Indetification Number (TIN) and procure a Tax Card which is mandatory w.e.f. 01 July 2020.

Oman Income Tax Filing

Royal decree 118/2020 dated 14 September 2020 mandates that starting from 01 Jan 2020, an annual income tax return needs to be filed within four months from the end of tax year. We provide guidance to the client in filing annual Oman corporate Income Tax returns and comply with the IncomeTax Law. .

Oman Withholding Tax Consultancy

We have an experienced team that assist client in meeting their obligation relating to withholding tax in Oman. We advise them so they comply with law and also help them in timely filing of their monthly withholding tax returns..

Our Auditing and Accounting Services


audit

Audit Services

Our partner firms in Oman and UAE

Our partner firms in the Sultanate of Oman and United Arab Emirates are duly licensed to provide Audit services and we have well qualified team and experts in International Standards on Auditing (ISAs) and International Financial Reporting Standards.

 

accounting

Accounting Services

Onsite and Offsite Accounting Services

We maintain a pool of resources including qualified Chartered Accountants, Certified Public Accountants and experienced accounting professionals who can assist you in your accounting function.

 

liquidation

Company Liquidation

Licensed to manage company liquidation in Oman and UAE

Our partner firms are licensed to manage company liquidation in the Sultanate of Oman and United Arab Emirates. We have experienced professionals who can carefully managed entire liquidation process.

company-formation-small

Company Formation in Oman and UAE

Our partner firms are well experienced to assist clients in Company formation. We assist investors to have their company formed. We also assist them set up their operations in Oman and UAE with our well trained local support team

7

Years of Exp

90

Clients Served

12

Consultants

2

Presence in Oman and UAE

Latest Projects


Mystery Shopping

Mystery Shopping

An International five star hotel chain operating across the world, has engaged us to conduct mystery shopping visits to their properties in Oman. We conduct visits to their properties to observe the sales booking process at food and beverage outlets and secretly report our findings to the management.

Payroll Outsourcing

Payroll Outsourcing

We assisted one of our multinational clients in processing and finalizing their payroll eevry month.The client maintains employee masters and we keep track of attendance, leave and monthly payroll.

Policies and Procedures

Policies and Procedures

We have recently been awarded a project to conduct a comprehensive internal controls review of a family business where our deliverables include detailed process maps with policies and Procedures..

We don’t want to be mere advisors

but your true business partners.

Oman VAT and Income Tax News


Oman VAT implementation from 16 April 2021

Royal Decree 121/2020 has been published in Official Gazzette on 18 October 2020 and VAT will be implemented from 16 April 2021. Oman Tax Authority is mandated to issue Executive Regulations of VAT within six months.

Oman VAT registration starts from 01 Feb 2021

First to register will be businesses with an annual turnover of over RO 1 million. They must register between February 1 and March 15, 2021.
For businesses with a turnover of over RO 500,000, the deadline for registration is July 1, 2021.
VAT is an indirect tax on most goods and is levied on the value-added of business operations, which is the difference between the final price of a commodity and the cost of materials and services.

Cbc reporting deferred to 30 April 2021 in Oman

Oman Tax Authority extended the deadline to April 30 2021, for specially designated persons (Multinational Entities) to file their notifications for the Reporting Fiscal Year ending on December 31, 2020.