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OTA organizes Workshops on VAT and CIT
Musact September 9, 2022:
The tax authority, in coordination with the General Authority for Economic and Free Zones, organized two workshops on value-added tax and corporate income tax in the Salalah Free Zone, in the presence of several officials and employees of the authority, the industrial city of Raysut (Mada’in), the free zones of Salalah and Mazyona, the office of the governor of Dhofar and investors in the industrial zones.
The first workshop presented by Saeed bin Ahmed Al-Shanfari, Director-General of the Second General Directorate of Taxation, addressed several themes. The most important one was on Value Added Tax Act imposed on all supplies of goods and services in Oman unless exempted or submitted at zero percent. Other topics discussed were VAT mechanism, types of supplies, tax rates and tax-exempt supplies.
Participants were also introduced to VAT returns filing mechanism, annual revenue components, tax collections and services provided by the Tax Authority through its website.
The workshops were attended by a large number of employees and investors in the industrial zones, who widely interacted by asking questions to the tax specialists who in turn provided all the necessary clarifications about the tax.