Tally Blogs
Yarab A   Dec-27-2021
VAT Payment
VAT Refund in Oman

If the output VAT is less than the input VAT, the excess will be called VAT Refundable. Let’s understand the VAT refund in Oman & how to claim it while filing VAT return.

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Tally Blogs
Yarab A   Dec-13-2021
Input VAT Deduction
Input Tax Deduction on Goods Lost, Damaged, or Theft

Goods lost or damaged is a common scenario that businesses come across. Let’s understand the treatment of input VAT deduction on goods lost, damaged, or theft.

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Tally Blogs
Yarab A   Dec-13-2021
Invoice Supply
How to Treat Discounts on Supplies in Oman VAT?

The Oman VAT provides the guidelines on how to treat discounts provided on the supply of goods and services. Let’s understand how to treat discounts in Oman VAT with example.

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Tally Blogs
Yarab A   Nov-29-2021
Gifts and Samples
VAT Treatment on Gifts and Free Samples in Oman

Free samples and gifts issued for the betterment of business are not taxable, and no VAT will be levied. Find out the conditions for free samples and gifts supply.

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Tally Blogs
Yarab A   Nov-29-2021
Credit Note Debit Note
Credit Note and Debit Note in Oman VAT

Businesses need to issue Credit /Debit notes to account for the sales returns and all those scenarios that require reduction/increase in output tax.

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Tally Blogs
Yarab A   Nov-15-2021
Oman VAT VAT Payment
How to Determine VAT Payment in Oman

For VAT payment you need to calculate the total output VAT collected during the tax period and the total input VAT. Let’s check how to determine VAT payment in Oman.

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Tally Blogs
Yarab A   Nov-15-2021
Supply in Oman VAT
Composite and Multiple Supplies in Oman VAT

The supplies bundled with two or more goods or services or a combination of goods & services are classified as composite & multiple supplies. Let's understand composite & multiple supplies in Oman VAT

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Tally Blogs
Yarab A   Oct-29-2021
Capital goods Oman VAT
VAT Treatment on Capital Goods in Oman

In Oman VAT law, capital goods are defined as tangible and intangible assets of a taxable person. Let’s understand how VAT on Capital goods are treaded under Oman VAT.

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Tally Blogs
Yarab A   Oct-29-2021
Oman VAT Penalties
VAT Fines and Penalties in Oman

Oman VAT law and regulations has specified penalties and punishment for different types of violations in Oman. Read to know about the penalties and imprisonment in Oman due to VAT violation.

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