Start it right with Lima in Oman
Lima is a leading VAT Consultant in Oman and understands your concerns. We provide the perfect solution for you including:
The knowledgeable and experienced VAT team in Oman.
VAT advisory, training, and consultancy solutions.
VAT recording, billing, and payment to Oman Tax Authority.
VAT Consultant in Oman Services
VAT in Oman is one of the largest sources of revenue for the government and it has specific principles and guidelines which strictly need to be followed by the companies in order to prevent any legal issue.
Lima has experts personnel who will go through every detail of the new VAT Law in Oman and make sure your business does not have to engage in any non-compliance with regulations.
After UAE, KSA, and Bahrain, Oman has also introduced VAT Law. For all Oman companies, it’s time to take action and be prepared for VAT in Oman transition. VAT Law is generally self-assessed with a high probability of error leading to penalties along with time-consuming interaction with Oman Tax Authority causing business disruption. It is hence imperative that you appoint a qualified VAT Consultant in Oman.
Oman is implementing a VAT system from April 16, 2021. In mid-October 2020, the Gulf State issued its VAT law that will come into effect 180 days after its publication in the Official Gazette.
Lima is a group of professionals with the relevant expertise and infra-structure. We have a team of professionally qualified staffs always keen to deal in a high quality manner.
Investment Policy
Financial Advices
Program management
Strategy & Planning
Business Growth Plan
Tax & Loan Management
Succession Planning
Gulf Cooperation Council (GCC) VAT Agreement – similar but not exactly the same as what has been implemented in Bahrain, the Kingdom of Saudi Arabia (KSA) and United Arab Emirates (UAE). Headlines are that the standard rate of VAT will be 5% on the go-live date, with zero-rating and exemptions applying to some supplies.
Exemption
We expect the Law to provide exemption from VAT for certain supplies like financial services, healthcare and education, bare land, renting or resale of residential property, etc…
GCC VAT Consultancy experience
Lima have years of experience in giving VAT Consultancy services across Oman, UAE, KSA, and Bahrain.
Equipped with expertise in current and prospective VAT account management in Oman.
Oman VAT Law
Possess sound knowledge on legislations and treatment of VAT by Oman Tax Authority.
