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    Corporate Tax

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    Businesses from all over the world can find great chances in Oman’s thriving business environment. But it can be hard to figure out how to follow the complicated rules for business income tax. Al Nuha International offers full company income tax services in Oman. They will make sure your business stays in line with the law and makes the most of its profits after taxes.

    Our team of tax experts knows everything there is to know about Oman’s business income tax system. The Oman Tax Authority (OTA) keeps us up to date on their latest rules and announcements, which lets us find tax-saving chances that are right for your business. Whatever kind of business you are—a big company, a SME that pays taxes at a lower rate of 3%, or an oil and gas company that has to pay taxes at a rate of 55%—our corporate income tax services in Oman are made to fit your needs.

    At Al Nuha International, we offer a full suite of corporate tax services, including:

    • Corporate Tax Registration & Compliance
    • Tax Planning & Strategy
    • Tax Risk Assessment & Advisory
    • Corporate Tax Filing & Documentation
    • Tax Audit Assistance

    Strategic Tax Planning & Compliance

    At Al Nuha International, we go beyond just corporate tax code compliance for Oman. Our goal is to assist you to attain the most favorable tax situation as we understand that taxes can be a major outlay for companies. Our tax planning techniques reduce your total tax obligation by using a thorough knowledge of Omani tax rules and pertinent international treaties.

    We also provide advisory services on how various business decisions impact your tax obligations, including:

    • Structuring your business operations for tax efficiency.
    • Choosing the optimal legal form for your company.
    • Managing cross-border transactions and their tax implications.

    Corporate Tax Regulations in Oman

    The corporate tax rate in Oman varies depending on the size and nature of the business:

    • SME Tax Benefits: Eligible SMEs with a turnover below OMR 100,000 can benefit from the lower 3% tax rate.
    • Foreign Companies: Foreign businesses operating in Oman are subject to the standard corporate tax rate of 15% unless they are in the oil and gas sector.
    • Special Economic Zones (SEZs): Companies operating in free zones like Duqm, Salalah, Sohar, and Al Mazunah may be eligible for corporate tax exemptions and incentives.

    Corporate Tax Regulations in Oman

    All businesses operating in Oman must register with the Oman Tax Authority (OTA) and obtain a Tax Identification Number (TIN). Al Nuha International assists businesses with:

    • Corporate tax registration with OTA.
    • Obtaining a TIN for official tax purposes.
    • Ensuring businesses meet tax filing deadlines.

    Other Services

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    Frequently Asked Questions

    1. Who is required to pay corporate tax in Oman?

    All businesses operating in Oman, including local companies, foreign companies with a permanent establishment, and branches of international firms, are subject to corporate tax. However, SMEs, companies in Special Economic Zones (SEZs), and certain sectors may qualify for tax exemptions or lower tax rates.

    2. What are the corporate tax rates in Oman?

    Oman's corporate tax rates depend on the type of business: 3% – For qualifying Small and Medium Enterprises (SMEs). 15% – Standard corporate tax rate for most businesses. 55% – For companies in the oil and gas sector.

    3. When is the corporate tax filing deadline in Oman?

    Businesses must file their annual corporate tax returns within 6 months after the end of their financial year. If a company’s tax liability exceeds OMR 500, it must make advance tax payments in three installments. Failure to comply may result in penalties and fines imposed by the Oman Tax Authority (OTA).

    4. Are there any tax exemptions available for businesses in Oman?

    Yes, Oman offers corporate tax exemptions for businesses operating in Special Economic Zones (SEZs), Free Zones, and certain industries like: Manufacturing & industrial projects, Education & healthcare sectors, Tourism & hospitality businesses, Renewable energy & environmental projects.
    Al Nuha International is best known for its relentless effort in Muscat, Oman’s auditing, accounting, and consulting industry. We are registered under the Ministry of Commerce and Industry of Oman.
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    Phone

    +968 91789950
    +968 96088480

    Email

    info@alnuhainternational.com

    Address

    PO Box 1372, POSTAL CODE 112 Suit 33, Way 2716, Yousuf Alawi Building Behind Bank Muscat CBD Branch Ruwi, Sultante of Oman.

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