VAT Consultant in Oman

After UAE, KSA, and Bahrain, Oman has also introduced VAT Law. However, the detailed implementation of regulation and guidance regarding each sector of the economy is under preparation and review by the Oman Tax Authority.

For all Oman companies, it’s time to take action and be prepared for VAT in Oman transition. VAT Law is generally self-assessed with a high probability of error leading to penalties along with time-consuming interaction with Oman Tax Authority causing business disruption. It is hence imperative that you appoint a qualified VAT Consultant in Oman.

VAT Consultant in Oman

Are you also worried about how your business will adapt to the newly announced Oman VAT Law? Do you need a professional VAT consultant in Oman to manage your VAT related issues?

 Aviaan Accounting is a leading VAT Consultant in Oman and understands your concerns. We provide the perfect solution for you including:

  • The knowledgeable and experienced VAT team
  • VAT advisory, training, and consultancy solutions
  • VAT recording, billing, and payment to Oman Tax Authority
VAT Services in Bahrain

VAT in Oman Consulting Services

Our firm provides a complete package of VAT Consulting services in Oman. Our best-in-class specialists and professionals will identify your underlying needs and deliver the best possible VAT Consulting in Oman services. A few of our services are listed below:

  • VAT Impact Assessment
  • VAT Implementation Support
  • VAT Training in Oman
  • VAT Registration in Oman
  • VAT Filing in Oman
  • VAT Refunds
  • Redesigning Accounting and IT system in accordance with VAT in Oman regulations
  • Tax Agent in Oman support
  • VAT Audit in Oman

VAT Consultant in Oman Services: Why hire Aviaan Accounting

VAT is one of the largest sources of revenue for the government and it has specific principles and guidelines which strictly need to be followed by the companies in order to prevent any legal issue. Avian Accounting has expert personnel who will go through every detail of the new VAT Law in Oman and make sure your business does not have to engage in any non-compliance with regulations.

GCC VAT Consultancy experience

  • We have years of experience in giving VAT Consultancy services across Oman, UAE, KSA, and Bahrain
  • Equipped with expertise in current and prospective VAT account management

Oman VAT Law

Professional VAT in Oman Team 

  • You focus your efforts in managing core business activities and leave it on us to oversee and administer all VAT related activities, VAT assessment, and billing preparations with our superior human capital and technology
  • Capable Tax Agent in Oman to help with VAT issues
VAT in Kuwait

Value for Money for VAT Consultancy in Oman

  • Our VAT consultancy in Oman Fee is competitive, affordable, and value representative.
  • Best VAT Consultant services at a reasonable price
  • Timely, customized, and precise work process

VAT in Oman Consulting Services

Our firm provides a complete package of VAT Consulting services in Oman. Our best-in-class specialists and professionals will identify your underlying needs and deliver the best possible VAT Consulting in Oman services. A few of our services are listed below:

  • VAT Impact Assessment
  • VAT Implementation Support
  • VAT Training in Oman
  • VAT Registration in Oman
  • VAT Filing in Oman
  • VAT Refunds
  • Redesigning Accounting and IT system in accordance with VAT in Oman regulations
  • Tax Agent in Oman support
  • VAT Audit in Oman

Impact of VAT on different Sectors

Oman Economy Sectors

Oman Economy Sectors

Transportation

International Movement: 0% rated
Local Passenger Transport: VAT exempted
Local Transport of Goods: 5% VAT Law

Education

All goods and services related to Education are exempted from Oman VAT Law

Health Care/ Medical

All goods and services pertaining to medical care including medicine, drugs, and equipment are exempted from Vat Law

Real Estate
 

Resale of residential real estate: exempted
Sales deals including undeveloped lands: Not covered
Renting for residential purpose: Not covered
Sale deals of vacant property: exempted

Financial Services
 

All financial transactions are exempted from Oman VAT

Food and Beverages
 

Basic food commodities and foodstuff are all exempted from VAT

Business

Investments in gold, silver, and platinum: exempted

How VAT works?

For more information on VAT in Oman and how it impacts various sectors as per VAT Law in Oman, please refer to:

VAT in Oman Articles

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Oman Tax Authority

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VAT Law in Oman

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How VAT Works - VAT Consultant in Oman

For any information and queries that you have regarding VAT Consultant in Oman, get in touch with us. Our experts can certainly help you with the requirements. Contact us now at info@aviaanaccounting.com or +971502155301

FAQs

What is standard VAT rate in Oman?

VAT will be implemented at a standard rate of 5% in Oman. It will be payable to Oman Tax Authority periodically

How long does the taxpayer should keep a VAT record in Oman?

All registered companies must retain normal VAT records and books of accounts for a standard period of 10 years and an extended period of 15 years.

How does VAT will be treated in free-zone areas in Oman?

Oman has four free zone areas, each targeting a different sector, which are of great importance to investors because of the tax-free provision. However, only those sectors will be exempted from Oman VAT which is announced by the government as Designated Zones and will be treated in accordance with Oman VAT regulations.

Who issues a tax-credit note?

This note is issued by the supplier of goods and services explaining in detail the deduction made on the original price of the supplied material.

Is VAT a recoverable tax?

Value-added tax can be claimed and recovered by the taxpayer from the tax authority under specific principles and provisions of Decree-Law.

What is meant by Tax avoidance/evasion practices?

It is a criminal and illegal activity to avoid or lower the actual amount of tax that the company owes to the country Tax Authority.

What is the definition of the term ‘recipient of goods’ under Oman VAT Law?

It means the company which imports goods or to whom goods are being supplied.

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