{"id":14431,"date":"2021-05-03T10:27:42","date_gmt":"2021-05-03T06:27:42","guid":{"rendered":"https:\/\/www.premier-brains.com\/country\/?p=14431"},"modified":"2021-05-19T19:19:18","modified_gmt":"2021-05-19T15:19:18","slug":"oman-vat-update","status":"publish","type":"post","link":"https:\/\/www.premier-brains.com\/country\/om\/oman-vat-update\/","title":{"rendered":"OMAN VAT registration Update"},"content":{"rendered":"<p><a href=\"https:\/\/www.premier-brains.com\/country\/wp-content\/uploads\/Oman-VAT-Update-1.pdf\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\"><strong>Click to Download in PDF<\/strong><\/a><\/p>\n<hr \/>\n<h4><strong>Oman Tax authority (OTA) has released procedures for VAT registration of Oman non-resident applicants.<\/strong><\/h4>\n<hr \/>\n<p>According to Article 2(4) of Oman VAT law, any person with no place of residence in Oman must appoint a Responsible person.<\/p>\n<p>There is also option to appoint Tax representative in Oman.<\/p>\n<p>In cases where it is not possible to appoint a responsible person or tax representative, non-resident person can register directly as well and specify a Responsible person who is a related person.\u00a0 It will also be required to provide bank guarantee in favor of OTA.<\/p>\n<ul>\n<li>Bank guarantee amount not less than 5% of taxable annual supplies and valid for 1 year<\/li>\n<li>Must be issued from bank in Oman<\/li>\n<li>Must provide details of Oman bank account and pay tax due in Omani rials<\/li>\n<\/ul>\n<p><strong><u>VAT Registration requirements for Non-residents<\/u><\/strong><\/p>\n<ul>\n<li>The person who has no place of residence in Oman and has a place of residence in any of the GCC implementing States, shall submit a Registration Application within thirty (30) days from the date of meeting the regular registration conditions as per Oman VAT law<\/li>\n<li>The person who has no place of residence in Oman or in any of the GCC implementing States, shall submit a Registration Application 20 days prior to the beginning of the month in which the first supply takes place.<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: center;\"><a class=\"ctaBlogButton\" href=\"https:\/\/www.premier-brains.com\/country\/contact\/\">GET A FREE CONSULTATION<\/a><\/p>\n<h4><strong>Tax representative appointment<\/strong><\/h4>\n<p><u>Conditions to be met:<\/u><\/p>\n<ul>\n<li>He\/she is appointed under written and valid agreement.<\/li>\n<li>He\/she has a place of residence in Oman.<\/li>\n<li>He\/she is registered for tax in Oman.<\/li>\n<li>Any other conditions determined by OTA.<\/li>\n<\/ul>\n<p><u>Details for appointment:<\/u><\/p>\n<p>Application for appointment is to be submitted in the required form with below details and documents:<\/p>\n<ul>\n<li>Name, address and Tax Identification Number of the Tax Representative.<\/li>\n<li>Nature of the activity conducted by the Tax Representative.<\/li>\n<li>Copy of the written agreement between the person and the Tax representative.<\/li>\n<li>Copy of the commercial register for the Tax Representative.<\/li>\n<li>Any other details or documents determined by OTA.<\/li>\n<\/ul>\n<p><strong><u>Appointment of the Responsible Person<\/u><\/strong><\/p>\n<p>The Taxable Person shall upon registration, notify OTA of the appointment of the Responsible Person on the required form with below details and documents in relation to the Responsible Person:<\/p>\n<ul>\n<li>Name, occupation, Address, telephone number, email Address.<\/li>\n<li>Passport copy, personal ID card or residency card.<\/li>\n<li>Any other details specified by OTA.<\/li>\n<\/ul>\n<hr \/>\n<h4><strong>Procedures for VAT registration<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<table style=\"height: 354px;\" width=\"1475\">\n<tbody>\n<tr>\n<td width=\"366\"><strong>Scenarios<\/strong><\/td>\n<td width=\"921\"><strong>Procedures<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"366\">Where Responsible Person resident in Oman or a Tax Representative are appointed<\/td>\n<td>\n<ul>\n<li>Download and complete registration application form for non-resident persons available on Tax Portal.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"366\"><\/td>\n<td>\n<ul>\n<li>\u00a0State the Responsible Person or Tax Representative in the application, and attach proof of appointment.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"366\"><\/td>\n<td>\n<ul>\n<li>Provide Omani bank account details<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"366\"><\/td>\n<td>\n<ul>\n<li>State value of taxable annual supplies Submit the application via email along with required documentation.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"366\">Where it is not possible to appoint a Responsible person or Tax Representative<\/td>\n<td>\n<ul>\n<li>Download and complete registration application form for non-resident persons available on Tax Portal.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"366\"><\/td>\n<td>\n<ul>\n<li>State the Responsible Person in the application, and attach proof of appointment and how he\/she is related to the applicant.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"366\"><\/td>\n<td>\n<ul>\n<li>Provide Omani bank account details State value of taxable annual supplies and amount of bank guarantee (not less than 5% of taxable annual\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0supplies).<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"366\"><\/td>\n<td>\n<ul>\n<li>Attach bank guarantee issued by bank in Oman in the name of Tax authority, PO box 285, Muscat, postal code:100, Sultanate of Oman<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"366\"><\/td>\n<td>\n<ul>\n<li>Submit the application via email along with required documentation<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p style=\"text-align: center;\"><a class=\"ctaBlogButton\" href=\"https:\/\/www.premier-brains.com\/country\/contact\/\">GET A FREE CONSULTATION<\/a><\/p>\n<p><em>Article prepared by: Aliasgar, Assistant Manager, Reviewed by: Bhawna Chopra, Tax Partner <\/em><em>\u00a0<\/em><\/p>\n<p><em>If you would like to discuss any <a title=\"VAT registration\" href=\"https:\/\/www.premier-brains.com\/country\/om\/vat-registration\/\" target=\"_blank\" rel=\"noopener\">VAT registration<\/a> matters, please drop us an email at <\/em><a href=\"mailto:info-oman@premier-brains.com\"><strong><em>info-oman@premier-brains.com<\/em><\/strong><\/a><em> or call us at <strong>+968 78037991<\/strong><\/em><\/p>\n<p><em>This document is only for information purposes and should not be construed as an advice. It does not necessarily cover each aspect of the topic with which it deals. You should not act upon the contents of this document without receiving formal advice on your particular circumstances.<\/em><\/p>\n<h4>&#8220;ALWAYS DOING THE RIGHT THING&#8221;<\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Click to Download in PDF Oman Tax authority (OTA) has released procedures for VAT registration of Oman non-resident applicants. According to Article 2(4) of Oman VAT law, any person with no place of residence in Oman must appoint a Responsible person. There is also option to appoint Tax representative in Oman. In cases where it<a class=\"excerpt-read-more\" href=\"https:\/\/www.premier-brains.com\/country\/om\/oman-vat-update\/\" title=\"ReadOMAN VAT registration Update\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":14554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[255,289],"tags":[335,359,332],"class_list":["post-14431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-om","category-vat-om","tag-oman-vat-om","tag-oman-vat-registration","tag-value-added-tax-oman"],"_links":{"self":[{"href":"https:\/\/www.premier-brains.com\/country\/om\/wp-json\/wp\/v2\/posts\/14431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premier-brains.com\/country\/om\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premier-brains.com\/country\/om\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premier-brains.com\/country\/om\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premier-brains.com\/country\/om\/wp-json\/wp\/v2\/comments?post=14431"}],"version-history":[{"count":5,"href":"https:\/\/www.premier-brains.com\/country\/om\/wp-json\/wp\/v2\/posts\/14431\/revisions"}],"predecessor-version":[{"id":14553,"href":"https:\/\/www.premier-brains.com\/country\/om\/wp-json\/wp\/v2\/posts\/14431\/revisions\/14553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premier-brains.com\/country\/om\/wp-json\/wp\/v2\/media\/14554"}],"wp:attachment":[{"href":"https:\/\/www.premier-brains.com\/country\/om\/wp-json\/wp\/v2\/media?parent=14431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premier-brains.com\/country\/om\/wp-json\/wp\/v2\/categories?post=14431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premier-brains.com\/country\/om\/wp-json\/wp\/v2\/tags?post=14431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}