Oman Tax Authority
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,...
Continue ReadingThe 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,...
Continue ReadingVAT 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...
Continue ReadingRecord 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...
Continue ReadingPersons 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...
Continue ReadingADNOC 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...
Continue ReadingThe 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....
Continue ReadingAttestation 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...
Continue ReadingBusinesses 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...
Continue ReadingThe 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...
Continue ReadingResponsible 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...
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