TaxSavvyOM

Provisional return no longer required

Do we still file a provisional return in Oman?

The situation

RD 118/2020 replaced the provisional and final returns with a single return for tax years starting on or after 1 January 2020.

The law

  • Royal Decree 118/2020 amending the Income Tax Law: Single return within four months of year end from 2020; tax card registration within 60 days of starting business and updates within 30 days

What it means for you

You now file once, within four months after year end, with audited accounts. Old advice about a provisional return three months after year end is out of date. Plan one filing and one payment.

What to do

  1. Remove the provisional return from your calendar.
  2. Plan the single return for four months after year end.
  3. Attach audited accounts.
  4. Pay with the return.

We can do this for youAnnual corporate income tax return with audited accounts (15 percent): OMR 650

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