Tally Blogs
Yarab A   Feb-21-2022
Real Estate
VAT Treatment on Residential and Commercial Real Estate

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

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Tally Blogs
Yarab A   Feb-07-2022
Imports
Deferment of VAT on Imported Goods

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.

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Tally Blogs
Yarab A   Jan-24-2022
Tax Invoice
Elements of Tax Invoice – Simple and Comprehensive

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

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Tally Blogs
Yarab A   Jan-24-2022
Real Estate
VAT Treatment on Real Estate in Oman

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.

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Tally Blogs
Yarab A   Jan-10-2022
Oman VAT registration
How to Cancel VAT Registration 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.

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Tally Blogs
Yarab A   Jan-10-2022
Imports Oman VAT
Value of Imported Goods in Oman

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.

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Tally Blogs
Yarab A   Dec-27-2021
Input VAT Deduction
Input Tax Deduction on Goods and Services Purchased Before VAT Registration

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

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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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