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MayAudit quality is the cornerstone of business integrity, providing a foundation upon which trust and reliability are built. High-quality audits ensure that financial statements are accurate and transparent, reflecting a company’s true financial position. This transparency is crucial not only for regulatory compliance but also for fostering a culture of accountability within the organization. The presence of […]
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MayWhile the exhilarating rush of launching a new venture or scaling your existing business takes center stage, establishing strong financial practices is equally crucial for long-term success. Financial audits play a vital role in this endeavour, offering an objective assessment of your financial health and fostering trust with investors, creditors, and stakeholders. But for startups and growing[…]
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MayFinancial audits have traditionally been a meticulous dance of verification, a realm of meticulous record-keeping and cross-referencing. But as the financial landscape evolves at a breakneck pace, so too does the role of technology in the modern audit. Audit firms in Muscat, like their counterparts worldwide, are embracing a technological revolution that is transforming the way financial[…]
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AprAccording to the VAT Law in Oman, supplies of goods or services to or from the Special Zones, as well as within them, may be zero-rated. The Special Economic Zone in Duqm and the Free Zones in Salalah, Sohar, and Al Mazyunah have been designated as Special Zones by the provisions of the VAT Executive Regulations in[…]
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MarVAT return filing is a requirement for businesses registered under the Oman VAT law. The VAT return is a statement that summarizes the details of sales, purchases, recoverable input VAT, output VAT, and other relevant information. In Oman, businesses are required to submit their VAT returns quarterly, within 28 days following the end of each quarter. The[…]
