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Small company return deadline

When is the small company return due?

The situation

Small companies file within three months of year end, with an income statement on a cash basis.

The law

  • Income Tax Law (small company return): Simplified return with a cash basis income statement within three months of year end; audited accounts relaxed

What it means for you

This is one month earlier than the standard four month deadline. Late filing still carries the OMR 100 to 2,000 fine. Keep cash records clean through the year.

What to do

  1. Diary 31 March.
  2. Prepare the cash basis statement.
  3. File on TMS.
  4. Pay 3 percent tax.

We can do this for youSmall company 3 percent regime: eligibility test and simplified return: OMR 250

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