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Businesses who are registered under Oman VAT are periodically required to submit the VAT returns to Tax Authorities (TA) in the prescribed format. A VAT return is a statement that summarizes the details of purchases, sales, output VAT and recoverable input VAT that needs to be submitted to the tax authorities in Oman.
The periodicity of VAT return is quarterly and businesses need to file the return within 30 days following the end of the quarter. For example, you need to file the return by 30th October for July to September quarter.
Businesses with an effective date of registration before 1 July 2021 must submit their VAT Return (for the period from 16 April to 30 June 2021) by the 30 July 2021.
|Oman VAT Return Format||FAQs on Oman VAT Return|
Businesses are required to submit the tax return electronically through the online portal in the format as prescribed by the authorities. Oman VAT Regulations have prescribed the mandatory information that needs to be declared by the registered person in his VAT return form.
The following are the list of details that need to be declared in the VAT return form.
The above are the mandatory details that need to be declared in the VAT. Shortly, the VAT return format or form will be notified in which the details need to be declared.
Know more about Oman VAT