TaxSavvyOM

Late VAT return fine

We filed our VAT return late. What fine applies?

The situation

Late filing carries a fine of OMR 500 to 5,000; late payment adds 1 percent per month or part month.

The law

  • VAT Law, Royal Decree 121/2020 (penalties): Late return fine OMR 500 to 5,000; late payment 1 percent per month; wrong declaration 1 to 25 percent of the difference; evasion 300 percent

What it means for you

On OMR 8,000 VAT paid one week late, the late payment charge is OMR 80 for the part month, plus the late filing fine. File first to stop the issue growing.

What to do

  1. File the return now.
  2. Pay VAT due.
  3. Keep evidence of reasons.
  4. Set earlier internal deadlines.

We can do this for youQuarterly VAT return, payment and refund claims: OMR 150

Related