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Yarab A   Oct-18-2021
Time of supply, referred to as tax due date, is a crucial concept determining the period in which the taxable transactions must be reported and paid. In simple words, it is the date on which VAT becom
The VAT law allows group VAT registration if two or more persons are associated with businesses in Oman. Let’s check what is Tax Group Registration with example & benefits
Record and Book Keeping Requirement under Oman VAT
Time of Supply in Oman VAT
What is Tax Group Registration in Oman VAT?
Value of Supply in Oman VAT
Place of Supply of Services under Oman VAT
Place of Supply of Goods under Oman VAT
The value of supply or taxable value is defined as the total value of the consideration excluding the VAT. Let’s understand the value of supply in Oman VAT.
The place of supply is determined depending upon the destination of goods. Let's understand in detail how to determine the place of supply of services under Oman VAT.
Place of supply concept helps businesses to assess tax applicability in the case of cross-border transactions. Let’s check the rules for determining the place of supply of goods under Oman vat.
Input VAT deduction allows businesses to recover the VAT paid on the purchases or expenses. Let’s understand the concept of input VAT deduction in Oman.
RCM is a concept under which the recipient or buyer of services has to pay tax to the government unlike the forward charge, where the supplier has to pay the tax. Check the details of RCM in Oman VAT.
Input VAT deduction allows businesses to recover the VAT paid on purchases or expenses. Let’s check out the list of expenses on which input VAT deduction is blocked.
The crux of the VAT system in Oman is the concept of input VAT deduction. Understand the type of purchases or expenses on which you can claim input VAT deduction.
Zero-rated supplies refer to the taxable supply on which VAT is charged at a zero rate. Let’s check out some of the food items subject to zero-rate VAT in Oman.
All the registered businesses need to file VAT returns every quarter by furnishing the details of supplies in the online portal. Let’s check out how to file Oman VAT returns in detail.