Tax Advisory

Oman’s thriving business environment presents exciting opportunities for domestic and international companies. However, navigating the intricacies of corporate income tax can be a complex endeavour. Expert Auditing Service offers comprehensive corporate income tax services in Oman, designed to ensure your company remains compliant and maximizes its after-tax profits. Our team of tax specialists possesses a deep understanding of Oman’s corporate income tax framework. We stay current on the latest regulations and pronouncements issued by the Oman Tax Authority (OTA), proactively identifying potential tax planning strategies specific to your company’s operations. Whether you’re a large corporation, a small and medium enterprise (SME) benefiting from the reduced 3% tax rate, or a company operating in the oil and gas sector subject to the 55% tax rate, our corporate income tax services in Oman are tailored to your unique needs. We provide a full spectrum of corporate income tax services in Oman, including tax return preparation and filing, tax planning and optimization strategies, representation during tax audits, and assistance with tax appeals. We focus on minimizing your tax burden while ensuring complete adherence to Omani tax laws and regulations. This lets you concentrate your valuable resources on core business activities and achieve strategic goals.

Expert Auditing Service goes beyond simply ensuring compliance with Oman’s corporate income tax regulations. We understand that taxes can be a significant expense for businesses, and we are committed to helping you optimize your tax position. Our tax planning strategies leverage a deep understanding of Omani tax law and relevant international treaties to minimize your overall tax liability. We can also advise you on the tax implications of business decisions, such as structuring your operations, selecting your company’s legal form, and entering into international transactions. You gain a valuable strategic advantage by partnering with Expert Auditing Service for your corporate income tax services in Oman. We can help you navigate the complexities of Oman’s tax landscape, minimize your tax burden, and ensure your company complies with all relevant regulations. This allows you to focus your energy and resources on driving business growth and achieving long-term success in the Omani market.

Oman’s introduction of Value Added Tax (VAT) has transformed the business landscape, presenting challenges and opportunities for companies operating in the region. Expert Auditing Service provides comprehensive VAT consultant services in Oman, designed to help your business navigate the intricacies of VAT compliance and maximize its financial potential. Our team of VAT consultants in Oman comprises seasoned professionals with a thorough understanding of Oman’s VAT regulations and extensive experience applying them to various business models. We stay abreast of the latest pronouncements issued by the Oman Tax Authority (OTA) and can provide insightful guidance on VAT registration, recordkeeping, return filing, and VAT optimization strategies. Whether you’re a large corporation subject to mandatory VAT registration, a small and medium enterprise (SME) evaluating the VAT registration threshold, or a company operating in a free zone with specific VAT implications, our VAT consultant in Oman can tailor a solution to your unique needs.

The Income Tax Law seeks to tax worldwide income of entities formed in Oman and the Oman-source income of branches and other forms of permanent establishment (PE).The rate of income tax is uniform for all types of business entities, regardless of whether it is a corporate entity and/or whether it is registered or not.

The income tax rate is 15% for all taxpayers other than Omani proprietorships (‘establishments’) and limited liability companies (LLCs) that fulfil the conditions of small and medium enterprises (SMEs).For Omani proprietorships (‘establishments’) and LLCs that meet the following requirements:

The Oman Tax Authority announced the levy and collection of Excise Tax, also referred to as Selective Tax, on sugary and sweetened beverages at the rate of 50% effective from 1st October 2020.

Being a consumption-based tax, Excise tax is ultimately borne by the final consumers, but collected earlier in the supply chain by each businesses. Importers, manufacturers, warehouse keepers and stockpilers are liable for Excise tax and are required to register, submit periodical returns, pay the Excise tax due and maintain specific excise tax records. Where the person originally liable for the Excise tax fails to pay it, the tax will become payable by the business holding these excise goods.

A tax is levied on certain types of income that are realized in the Sultanate of Oman for any foreign person who does not have a permanent establishment on the following:

• Royalties
• Consideration for conduct of research and development
• Consideration for the use or the right to use computer software.
• Fees for management or performance of services
• Dividends on shares or interests

Any taxpayers or any Ministry, organization, public institution or other public legal entity or other administrative unit of the State shall pay or credit in the account any amounts of income referred to above, shall deduct at the rate of 10% of the total amount paid or credited and shall submit to the Secretariat General within a period not exceeding fourteen days from the end of the month in which the payment or the account was made, on the form prepared for this purpose.