The implementation of Value Added Tax (VAT) in Oman has moved one step closer. As of 1 February, 2021, the VAT registration process was announced and went live across the Oman tax Authority’s (OTAs) portal, which is now open for the first wave of VAT registrants. The first wave is intended for businesses whose annual taxable turnover is in excess of OMR 1 million, as well as businesses with annual purchases exceeding OMR 1 million threshold. Additionally, non-resident and local businesses may also apply, should they wish to register voluntarily.
The process for businesses who have obtained a Commercial Registration Number (CRN) is simple. The majority of the required information is automatically generated from the details held on the CRN license. For further details, please refer to the official guide issued by the Oman Tax Authority (OTA) on how to register for VAT. The process requires businesses to confirm mandatory details in the pre-populated boxes mentioned in the document. If any of the details are incorrect, businesses will need to adjust specific information on the CRN register as well. Once approved the OTA will issue a VAT registration certificate that includes a VAT registration number; understand most applications, if in order, are approved within one working day.
Businesses and entities residing in Oman that do not have a CRN must download and complete this application form and submit it electronically to the OTA via the specified email address as per the form.
Applications are then evaluated by the OTA and applicants informed accordingly.
Non-resident businesses or entities in Oman will also need to download and complete an application form and submit it electronically to the e-mail address on the form.
The information required within the application form is similar to those for a resident non-CRN applicant, and includes:
Applications here are reviewed carefully by the OTA and more information may be requested of applicants.