Liquidation and deregistration: VAT, tax card and commercial registration

We plan the closure, file every outstanding income tax, VAT and WHT return, deregister VAT and the tax card, settle staff and cancel permits, and complete CR cancellation on Invest Easy.

OMR 1,200One time

For: Companies and branches closing their Oman business, including dormant companies.

What we need from you

Shareholder resolution to dissolve
Start of liquidation
Liquidator details
Appointment under the Commercial Companies Law
Final accounts to the closure date
Final income tax return
TMS account status
Open returns and balances
VAT registration details
Deregistration
Staff list and permits
Final dues and cancellations
Contracts, leases and bank accounts
Closure

What we discuss

Are any income tax, VAT or WHT returns outstanding?
All must be filed before deregistration
Are you VAT registered?
Deregister and account for VAT on assets held
Any staff with work permits?
Pay dues and cancel permits
Any assets or creditors?
Liquidator must settle
Who will keep records after closure?
VAT records 10 years; income tax assessments can reach back

What we file

Shareholder resolution and liquidator appointment
File all outstanding and final returns
Deregister VAT and update the tax card
Keep VAT records for 10 years after the last period
Cancel the CR

What you get

Closure plan with steps and timeline
Deregistration confirmations and CR cancellation

The law

Commercial Companies Law, Royal Decree 18/2019: Company forms, auditors, dissolution and liquidation Source
VAT Law, Royal Decree 121/2020 (records and time limits): Keep records 10 years (15 for real estate); assessment within 5 years, 10 if registration was late Source
Income Tax Law (assessment time limits): Assessment generally within three years from the end of the year the return is filed; five years if no return Source
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 Source

Questions people ask

Online payment in OMR is not open yet. Send us a message and an adviser for Oman confirms the scope and the fee before any work starts.