Tally Blogs
Yarab A   Sep-06-2021
Oman VAT RCM
Reverse Charge Mechanism in Oman VAT

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.

Read More
Tally Blogs
Yarab A   Aug-23-2021
Input VAT Input VAT Deduction
Expenses on which Input VAT Deduction is Blocked

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.

Read More
Tally Blogs
Yarab A   Aug-19-2021
Input VAT Input VAT Deduction
Purchases/Expenses Eligible for Input VAT Deduction

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.

Read More
Tally Blogs
Yarab A   Aug-09-2021
Oman VAT Zero-rate VAT
Food Items Subject to Zero-rate VAT in Oman

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.

Read More
Tally Blogs
Yarab A   Aug-02-2021
How to File Oman VAT Return?

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.

Read More
Tally Blogs
Yarab A   Jul-19-2021
Oman VAT VAT Return
FAQs on Oman VAT Return

The Tax Authority has prescribed the VAT return format in which the details of supplies need to be furnished by all the registered businesses. Let’s check out the faqs on VAT return in Oman.

Read More
Tally Blogs
Yarab A   Jul-19-2021
Oman VAT VAT Return
Oman VAT Return Format

Businesses registered under Oman VAT are mandated to file VAT returns in a format prescribed by the Tax Authorities. Let’s understand the section-wise details of Oman VAT return format.

Read More
Yarab A   Jun-29-2021
Imports Oman VAT
VAT Payment on Import of Goods and Services in Oman

Under Oman VAT, the import of goods and services into the Sultanate is taxable at 5% VAT. Let’s understand the procedure for payment of vat on import of goods as well as the import of services.

Read More
Tally Blogs
Yarab A   Jun-21-2021
Free Trade Zone
VAT on Free Zones and Special Economic in Oman

The VAT rate on free zones and special economic zones referred to as special zones will be levied at a zero rate. Check the conditions that a zone needs to fulfil to be considered as a special zone.

Read More