The Oman Tax Authority (OTA) has published 3 Executive Decisions on the VAT. The Executive Decisions are setting the mandatory and voluntary registration threshold as well as the due date for registration, the process during the transitional period and the food products which should be Zero-rated. Royal Decree No 121/2020 comes into force in Oman from April 16, 2021 to introduce VAT at the standard rate of 5 percent.
Join our Webinar to learn about:
- Is your company required to carry out VAT registration in Oman?
- What are the registration thresholds for mandatory and voluntary VAT registration, and due dates?
- Possible consequences for non-compliance
- What are the challenges for international corporations?
- How to get access to VAT expertise in Oman and what is the impact on IT systems?
- What is the impact and consequences of introducing VAT in Oman?
- Why imposing indirect taxes (VAT and Excise tax) were chosen in GCC?
The Webinar will last for 1 hour: 40 mins presentation + 20 mins Q&A. Participation is free of charge. Kindly address any queries to meawebinars@tmf-group.com
Keynote Speaker:
Akram Mostafa, Accounting & Tax Manager at TMF Group Middle East and Africa
Akram Mostafa is a Chartered Accountant and tax specialist with more than 14 years’ experience. Before joining TMF Group in the United Arab Emirates in 2018, he was providing tax services for BIG4 audit firms in Egypt, Saudi Arabia and Oman. Akram has strong academic and professional experience in tax compliance, tax consulting and tax planning. His experience is diversified in various tax areas including (but not limited to) Income Tax returns, withholding Tax, Stamp duty Tax, GST (VAT) and Payroll Tax. Akram holds a Diploma in International Finance, VAT Compliance Diploma and an MBA degree. He is a Member of the Egypt Society for Taxation, Egypt Association for Accountants and Auditors. Besides his native Arabic, Akram is fluent in English.