Our Services

VAT Registration & Consultation Service in OMAN

Oman would be the fourth of six Arab Gulf states to introduce VAT as part of a 2016 VAT union agreement.

Oman VAT April 2021

Oman announced the implementation of Value Added Tax (“Value Added Tax”) on 12 October 2020. The VAT Act was published in the Official Gazette of Oman on Sunday, 18 October 2020, see Royal Decree № 121/2020. The VAT application date in Oman is April 16, 2021.

The standard VAT rate in Oman is 5% and is in line with the single GCC agreement. The Oman VAT Act contains provisions for ratings and zero exemptions. Non-resident businesses will be required to VAT register if they provide taxable supplies

By global standards, 5% is one of the lowest VAT rates in the world.

For more information, see the Oman VAT Act and Regulations

What are the next steps?

The tax situation in Oman changed rapidly as VAT became a reality. Organizations now need to prepare for implementation and assess where they areand what resources they need to implement VAT.

VAT regulations can be complex and the consequences are not always considered. VAT implementation requires careful planning to be successful.

The CGTS Group has experience in implementing VAT within the GCC with experienced and professional advisors.

To some extent, prior to the entry of VAT in Oman, companies must immediately identify employees for their VAT implementation projects (both external and internal), assess applicable VAT transactions and treatment, assess system readiness, and review their contracts. . to ensure they process VAT applications smoothly

Our dedicated VAT team will help you review each stage of the admission process.

The following services are currently offered by our company

VAT Registration

Mandatory registration threshold: OMR 35,000
Voluntary registration threshold: at least OMR 19,250

VAT Return Filing

VAT Return Filing is the process where in you can file your VAT details you paid for your wholesalers/dealers or any other service providers on time. In this process we make sure you never loss a single rial by doing a through checks of the files you give us.

VAT Billing Software

We provide well known and widely implemented VAT billing and inventory software for Restaurants, Coffee shops, Super Markets, Mobile shops, Laundry and Vehicle service stations.

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Accounting Service

We have qualified and experienced accountants who visit your place / office to assess your current VAT / accounting structure and provide consultation and implementation process that is compliant with the VAT legislation in Oman and is 100% accurate

Free consultation

To offer above services we have two packages:

Basic Package

OMR 19.00/Month

This will include Monthly Bill collection and VAT data preparation

Accounting Package

OMR 148.00/Month

In this package, we will take care of your whole accounting department. Our skilled accountant will visit your place/office on daily basis and spend one hour and make sure your accounting structure is up to date and adhere to the Oman VAT Law and Regulations. If your business needs more hour of services then we can offer good discount.

Apart from above services, with our dedicated and qualified professionals, we can offer customized solutions to meet your business requirement.