In the executive regulation of Oman VAT Law, it has been made very clear that any negligence or violation by a taxable person regarding VAT registration or filing or misrepresentation will not be ignored at any cost. Administrative penalties and VAT fines in Oman are additional amounts payable by a person or a business which can also lead to imprisonment for breaching the provisions of the VAT Law in Oman. VAT fines services provider in Oman plays an important role in keeping the company operations aligned with executive regulations of Vat law in Oman.
Aviaan Accounting is a leading VAT fines services, auditing, accounting, and consultancy firm operating in Oman with a keen focus to ensure that the company is not violating any VAT law and abiding by all rules and guidelines provided by Oman Tax Authority.
Every violation of Oman VAT Law is treated in a different way depending on the nature and consequences of the situation. Given below are the VAT fines and penalties applicable under Oman VAT Law:
According to article 100 of the Oman VAT Law, Imprisonment of 2 months to 1 year and/or a VAT Fine of RO 1,000 to RO 10,000 will be levied in case of the following situations:
According to Article 101 of Oman Executive Regulation, imprisonment of 1 year to 3 years and/or VAT Fine of RO 5,000 to RO 20,000 will be imposed in case of the following situations:
According to Oman executive regulation, in the case of repetitive non-compliance by the taxable person, the court may double the penalty and increase the imprisonment to the maximum of the legal threshold of punishment but not exceeding half this threshold.
Businesses in Oman are responsible for carefully and accurately documenting their business income, business cost/expense, and associated VAT charges in accordance with VAT regulations. Oman Tax Authority has approved the list of administrative penalties that will be imposed on businesses for violations of the tax laws. Aviaan Accounting helps companies in dealing with VAT fines by offering the following best-in-class VAT fine services:
Aviaan Accounting supports and guides its prestigious clients from different sectors of the industry in preparation for the applications and impact of Oman VAT Law. We are equipped with highly qualified staff who are dedicated to satisfying the needs of the clients in the best way possible. We perform the following VAT fines related services in Oman:
For further information regarding our VAT Fine Services in Oman, please contact us at info@aviaanaccounting.comm.
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Fines and Penalties in VAT Oman
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