Nexdigm (SKP) - VAT in Oman

VAT in Oman

Preparing and Managing your Business for VAT Compliance in Oman

With VAT implementation less than six months away post the publication of the VAT Law in the Official Gazette on 18 October 2020, businesses would need to evaluate their readiness for implementing VAT, assess their preparedness, and revisit commercial clauses under ongoing contractual obligations with suppliers and buyers, etc.

We at Nexdigm can efficiently handle different aspects of the Omani VAT by assisting you by assessing the applicability of VAT, undertaking a complete risk assessment, analyzing the current position, suggesting a VAT compliant operating structure, and assisting in related business provisions. Considering the Sultanate’s focus on VAT, it would be prudent for businesses to comply and avoid a heavy penalty.

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Testimonials

We partnered with be Nexdigm (SKP) to help us transition into for what is known as the biggest change in which the business is conducted in the region. The expertise of Nexdigm (SKP) team in the area of taxation is exceptional, with an in-depth knowledge of VAT impact on the business as a whole and their recent experience of driving another complex tax change in India, they helped us steer through the intricacies of VAT implementation. We are happy with Nexdigm (SKP)’s flexible and partnering approach towards work. They have demonstrated their belief in building long-term relationships and I look forward to work with be Nexdigm (SKP).

Satish Cheemalakonda
Finance Business Partner, Middle East & South Asia
Rolls-Royce Marine

It has been a pleasure to work with Nexdigm (SKP) over the last three years. Their support and technical insights at the time of VAT implementation has been fantastic. The fact the we can walk hand-in-hand with Nexdigm (SKP) on any matter with respect to UAE VAT has allowed smooth and assured VAT compliance. Surely a fantastic team to work with!.

Khenneth Ebrahim
Chief Financial Officer
Tilad Investment Company Ltd.

We are proud that Nexdigm (SKP) was our partner for the biggest change i.e. implementation of VAT. Their in-depth checking and knowledge for every single thing has helped us improve our systems, processes and way in which we function. Looking forward to work with Nexdigm (SKP) in future as well.

Mathews Abraham
Strategy & Ops.
Invesense Asset Management Ltd.

Our partnership with Nexdigm (SKP) for UAE VAT has been very fruitful. The professionalism and integrity of the Nexdigm (SKP) team is worth mentioning. Further, their impact analysis with respect to our VAT compliance proved to be of great value addition considering the fact that it helped us scale up our internal VAT compliance mechanism. The VAT implications arising as result of various updates and also in relation to business transaction is succinctly conveyed by Nexdigm (SKP).

Dina Banas Palad
Operations Assistant
TMC Employeneurs Middle East

Connect with our Specialists

Mayank Lakhani

Senior Managing Director
Nexdigm (SKP)
mayank.lakhani@nexdigm.com

Saket Patawari

Executive Director
Nexdigm (SKP)
saket.patawari@nexdigm.com

Trupti Mehta

Director
Nexdigm (SKP)
trupti.mehta@nexdigm.com

Imran Siddiqui

Assistant Manager
Nexdigm (SKP)
imran.siddiqui@nexdigm.com

VAT in Oman

Preparing and Managing your Business for VAT Compliance in Oman

Is your business Oman VAT ready? Get your Oman VAT Assessment here

Download An Overview of VAT in Oman

Quick facts about Oman VAT

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