About OMAN VAT
Oman VAT Law was issued by Royal Decree No.121/2020.Oman VAT shall be enforced w.e.f.16 April 2016. Oman VAT registration is open and businesses having turnover of RO 19,250 or more can register for VAT. If the turnover exceeds RO 38,500 then Oman VAT registration is compulsory.
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Executive Decision No.1/2021 issued by Oman Tax Authority on 04 January
2021 has mandated mandatory VAT registration threshold to be RO
38,500.If an overseas business provides services to Omani customers or supplies goods to Oman, they must be registered.
Oman VAT Regulations vide Tax Authority Decision No.53/2021 read with Article 72 of the Oman VAT Law mandate that Oman VAT returns shall be filed within 30 days from the end of the tax period.Article 100 of Oman VAT Law imposes a penalty of RO 10,000 for non-filing of VAT returns..
We provide full range of Oman VAT advisory services including Oman VAT registration,Oman Renewal and Cancellation.We also assist in Oman VAT filing, Oman VAT input and output calculation and assistance in VAT assessment.
we provide Expert OMAN VAT Advisory 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.
It is mandatory to pay 5% VAT at the time of import of goods into Oman at the point of entry itself w.e.f. 16 April 2016.
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