Tax Returns

The law requires all Taxpayers (except the Enterprise) to submit the Annual Returns within four months from the end of the accounting period, to the Tax Authority on the forms prescribed for this purpose, the submission is through Tax portal only.  The returns shall be filed with the required annexures, schedules, details and along with financial statements audited by a licensed auditors’ practicing in Sultanate of Oman.

In case of failure to submit the provisional or final return within the time limit of each of them, the law authorizes the Tax Authority to impose a fine not exceeding RO 2,000, and a fine may be imposed if the correct taxable income is not declared in the final return.