Global Tax Guide For Business in Oman

Profit margin mechanism is a scheme that provides an option for businesses to calculate VAT on the profit earned on a supply of goods. Let’s check profit margin mechanism in Oman VAT.

Real estate supply is taxable at a standard rate of VAT in Oman & certain real-estate supplies like undeveloped land are exempt from VAT. Let’s check VAT treatment on residential & commercial real est

Oman VAT law and regulation is enacted with a special provision that allows businesses to pay import VAT on a deferred basis. Let’s check deferred method of VAT payment on imported goods.

A tax invoice is a detailed invoice that a VAT registered business must issue. Let’s understand the different types of VAT invoices in Oman with elements

The Oman VAT law exempts certain types of real estate supplies from VAT & making it even more challenging to apply VAT. Let’s understand VAT treatment on real estate in Oman.

The Oman law allows businesses to cancel their VAT registration in certain circumstances. Learn more about the circumstances and processes to cancel VAT registration.

The imported goods and services will be taxable at 5% VAT in Oman. Let’s understand the value of the imported goods in Oman on which VAT is charged.

The Oman VAT law allows the recovery of input tax paid on goods & services before VAT registration. Let’s check the procedure to claim an input tax deduction on goods & services purchased before VAT

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.