VAT Registration in Oman
VAT registration in Oman has been started. Businesses in Oman with revenues (actual or expected) in excess of 1million OMR can now register for VAT. Businesses exceeding this threshold will be required to register for VAT by 15 March 2021, and be ready to comply with the VAT law from April 16 2021.
The Tax Authority of Oman has clarified that businesses that are resident in Oman with a valid commercial registration (“CR”) can apply for VAT registration via the online portal.
In addition to the details required in the application form, businesses will be required to submit copies of their business registration and trade license, and identification documents of the Principal Officer of the company.
The ability to check the status of the application and to print the VAT registration certificate (once approved), can also be managed via the portal.
Resident businesses that do not hold a valid CR, and non resident businesses meeting the registration thresholds, must apply for VAT registration by completing an Excel based application form and submit this (with supporting documentation) to the Tax Authority via email (VAT@taxoman.gov.om).
Businesses whose annual supplies or expenses exceed (or are expected to exceed) OMR 19,250 may also register for VAT at any time from 1 February 2021 on a voluntary basis.
In addition, the Oman Tax Authority has updated its website to provide a facility for businesses to check the validity of VAT registration numbers in Oman.
Link to the Oman Tax Authority portal: Oman Tax portal – Home page.
VAT Registration Services in Oman
Xact Auditing is providing the best VAT registration services in Oman. We will help you in analyzing your turnover that whether you should register for VAT or still have to wait. Xact Auditing will apply for online VAT registration and get the VAT Number for your company along with your company’s VAT certificate issued by the FTA. Xact Auditing is also providing VAT registration services in Dubai, UAE.