Import VAT on goods

The situation

VAT applies on imports, and import documents support input VAT.

The law

• VAT Law, Royal Decree 121/2020: 5 percent VAT; mandatory registration above OMR 38,500, voluntary above OMR 19,250; quarterly returns due 30 days after the quarter

What it means for you

Customs declarations support import VAT. Match each declaration to the VAT return for the quarter, and record any deferral correctly. Mismatches between customs data and returns are a common review point.

What to do

1. Keep customs records.
2. Match to returns.
3. Record deferral correctly.
4. Reconcile quarterly.

Related

• Refund position
• Late VAT return fine
• Record keeping period
• VAT evasion penalty
• Nil VAT return
• VAT return due date