Oman VAT registration start with OMR 38,500 threshold
- Jan 11, 2021 | Richard Asquith
Oman has set-out the VAT registration timetable as the Arab Gulf country implements VAT from 1 April 2021. There will be a compulsory VAT registration threshold of OMR 38,500 per annum. There will be a voluntary registration threshold of OMR 19,250.
Registrations will be accepted as following five waves:
|
2021 Registration application dates |
VAT turnover |
Registration date |
1 |
1 Feb to 15 Mar |
Above OMR 1m |
16 Apr 2021 |
2 |
1 Apr to 31 May |
OMR 500k to OMR 1m |
1 Jul |
3 |
1 Jul to 31 Aug |
OMR 250k to OMR 499k |
1 Oct |
4 |
1 Dec to 28 Feb 2022 |
OMR 38.5k to OMR 249k |
1 Apr 2022 |
5 |
1 Feb |
Voluntary - OMR 19,250 |
|
VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
