Open WHT before closure
Do unpaid WHT months matter when closing?
The situation
The payer is responsible for WHT on payments to non-residents.
The law
- Income Tax Law (withholding tax on non-residents): 10 percent WHT on royalties, technical service fees and management fees paid to non-residents; dividend and interest WHT suspended indefinitely from January 2023
What it means for you
Review foreign payments for open years. Unfiled WHT will appear in a Tax Authority review and hold up closure. Paying OMR 2,000 of missed WHT now is cheaper than a later assessment with charges.
What to do
- Review foreign payments.
- File missing WHT returns.
- Pay WHT and charges.
- Then deregister.
We can do this for youLiquidation and deregistration: VAT, tax card and commercial registration: OMR 1,200