Overview
Every taxpayer shall get itself registered with the Tax Authority within 60 days from the beginning of its establishment or commencement of the activity, whichever is earlier. In case of failure to register, the law shall authorize the Chairman of Tax Authority to impose a fine not exceeding RO 2,000.
The provisional return is submitted within three months of the end of the tax year. The final return shall be submitted within six months of the end of the tax year. The audited accounts shall be accompanied by an auditor licensed by law to practice his profession of accounting and auditing in the Sultanate. The law exempts the enterprise from submitting the provisional return, but the final return should be submitted within three months from the end of the tax year, and the law exempts the enterprise from submitting audited accounts.
Taxpayers may submit the declaration either directly at the secretariat's office or fill out the declaration forms via their electronic portal.
In case of failure to submit the provisional or final return within the time limit of each of them, the law authorizes the Tax Authority to impose a fine not exceeding R.O. 2000, and a fine may be imposed if the real income is not declared in the final return.
Tax payer
Establishment that carries on commercial, industrial or professional activity independently.
The Omani company, whether commercial, civil or otherwise.
A permanent establishment of a foreigner who is active in the Sultanate through a fixed place, whether directly or through an agent of his. In its judgment, any foreign person shall perform advisory services or other services in the Sultanate for at least 90 days within a period of 12 months Enterprise: The individual institution or the Omani company (General partnership, or Limited partnership, limited liability) in which the following conditions are met:
To limit their practice to commercial, industrial, artisanal or service activities and to exclude professional activity, air and sea transport activities, banking and insurance business, financial institutions, and the extraction of natural resources.
The capital registered in the Commercial Register at the beginning of the tax year shall not exceed R.O. 50,000.
The gross income achieved at the end of the tax year shall not exceed R.O. 100,000.
The average number of employees during the tax year should not exceed (15) Employees.
Registration
Every taxpayer shall get itself registered with the Tax Authority within 60 days from the beginning of its establishment or commencement of the activity, whichever is earlier. In case of failure to register, the law shall authorize the Chairman of Tax Authority to impose a fine not exceeding RO 2,000.
Tax Rate
The tax rate from 2017 tax year is as follows:
Enterprise 3% Other Taxpayers 15% Companies engaged in the field of oil exploration is 55% with respect to income from the sale of oil.