VAT Registration

Smart PRO ensures that proper accounting records are kept and updated. We determine whether your company meets the requirements for VAT registration

and assist you in obtaining VAT Registration in Oman.

Following the new rules and regulations Oman implemented a new VAT system in April 2021 which attracts 5% VAT on all supplies of goods and services in the country. The date of registration is the date on which the registration becomes effective, and the registered person must comply with all provisions of the law as of this date, such as issuing tax invoices, keeping accounting records, submitting tax declarations and other tax obligations.

Who is required to register for VAT?

Every person with a place of residence in the Sultanate that exceeds or is expected to exceed the annual revenue generated in the Sultanate from a commercial, industrial, or insignificant activity or exceeds the mandatory registration threshold.
Every person who does not have a place of residence in the Sultanate and is obligated to pay tax, regardless of his income.

For registration purposes the value of supplies includes the following:

The value of Taxable Supplies (i.e. Standard rated and zero-rated supplies), excluding supplies of Capital Assets.

The value of goods and services supplied to the taxable person and which are subject to the calculation mechanism (reverse charge).

The value of intra GCC supplies of goods and services.

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Testimonials

Our Client’s Review

The staff went above and beyond at all times, from suggestions to clearing all of our doubts, we had so many questions that we couldn’t find the answers to but the consultants at Smart PRO explained everything in detail. Thanks team Smart PRO

Muradh Khan

Smart PRO arranged my requirements to setup my new company also fulfilling my necessities to employ the required staff for each department, my business has been flowing smoothly ever since. Thank You Smart PRO again

Anishka Malshi

Our company launched lots of new products and with the help of Smart PRO we got it all registered in very short duration.

David Michelle

I received my golden visa for 10 years, In just 8 days thank you Smart PRO and their entire staff for being so helpful and making it easy

Pradeep De Costa

I’m really happy with your team’s determination to finish the process of obtaining 5 year investor visa. I know it wasn’t easy but I knew you guys could do it. Your helpful attitude makes it clear that your team can continue to take on new challenges and grow with the company. Thank you for your extra effort and making us comfortable during this whole process. I will definitely recommend your service to my colleagues and friends.

Dily Geejo

Thank you Smart PRO for helping me out to setup my business and my family in Oman so smoothly it couldn't have been any easier.

Rajesh Sharma

Since a long time we were looking to outsource our company’s book-keeping and one of my friend introduced me to SMART PROs team of financial services since then entire thing been smooth sailing under professional eyes.

Khrishna Kumar

Highly recommended PRO consultants, they have a solution for everything, I didn’t have any knowledge about the business environment in Oman but with Smart PRO it’s been remarkable.

Robert Lazaro

Much thanks to the Smart PRO team for arranging all of my needs, I had a very limited time before I had to travel but they made sure that everything was completed before.

Edward Cole

Contact Info

Phone: +968-97083232
Location: Al Hail, Al Seeb, Sultanate of Oman
Email: info@smartpro.om