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Oman Tax Authority

Tax Agent February 25, 2021

The Sultanate of Oman established Oman Tax Authority in the year 1970. by the introduction of the Income Tax Law. It was administered by The Department of Financial Affairs,...

How to file VAT Return in Bahrain?

VAT in Bahrain February 23, 2021

VAT return is a form that summarizes the total output tax due and the total input tax recoverable during a tax period. It has to be filed by all...

How are records maintained for VAT in Bahrain?

Uncategorized, VAT in Bahrain February 23, 2021

Record maintenance is the type of records to be maintained for VAT purposes. VAT in Bahrain also includes the length of time records must be retained. What documents are...

VAT in Oman Registration Process

VAT in Oman February 23, 2021

Persons required to register for VAT Every person who has a place of residence in Oman; conducts a commercial, industrial, professional or other activity in Oman; and has annual...

ADNOC introduced an In-Country Value (ICV) program for its suppliers. The program aims to enhance ADNOC’s ICV contribution by focusing on local supplier selection, UAE Nationals development, and the...

Preparing for Oman's phased VAT registration

What are the deadlines for VAT in Oman?

VAT in Oman February 17, 2021

The Oman Tax Authority has issued VAT registration process guidance in January 2021. It was the first guidance following the issuance of the Oman VAT law in October 2020....

Top Attestation Services firms in Dubai (2021)

Attestation February 17, 2021

Attestation firms in Dubai are trained and qualified in the field of Attestation Dubai. Attestation simply means verification of legal or other kinds of documents from government and government-sponsored...

VAT Registration in Oman: Portal Guidelines

VAT in Oman February 17, 2021

Businesses are now beginning to register for VAT in Oman, following the enactment of the VAT law by Royal Decree No. 121/2020 on the 18th of October. The VAT law implementation...

What are the Goals of ICV Certification?

What is ICV Improvement Plan?

ICV February 9, 2021

The ICV Improvement Plan is a contractual commitment linked to payment against the achievement of actual ICV achieved for the ICV committed as per the ICV Improvement plan. The...

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Responsible Person in VAT Oman

VAT in Oman February 9, 2021

Responsible Person in VAT Oman is any person related to the Taxable Person and represents him in executing the obligations according to the provisions of Oman VAT Law. The...