VAT evasion penalty
What is the penalty for VAT evasion in Oman?
The situation
Tax evasion can attract a penalty of 300 percent of the tax evaded, plus other sanctions.
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
This is the most serious category and covers deliberate acts, not honest mistakes. Keep good records and correct errors quickly to stay clearly outside it.
What to do
- Keep complete records.
- Correct errors quickly.
- Get advice on unclear positions.
- Train staff.
We can do this for youQuarterly VAT return, payment and refund claims: OMR 150