Tax Card system for taxpayers from July 1

      Published on Monday, 29 June , 2020      1113 Views     
Tax Card system for taxpayers from July 1

Come July 1, Oman will roll out a mandatory Tax Card for corporate companies including SMEs, a system that provides an identification number to be used on all correspondence, bills, documents, and contracts.

The Oman Tax Authority, in a decision (27/2020) issued on 18 May 2020, mandated the introduction of the tax card for all taxpayers in the sultanate.

Tax Card is a proof of registration for any taxpayer with the Tax Authority. It is valid for two years and the issuance fee is RO10. A tax payer can apply for the Tax Card through the Tax Authority’s website,’ a statement from Tax Authority said. 

Furthermore, all documents relating to transactions by a person with a government entity should be accompanied by a copy of the Tax Card.

The government entity is obliged to notify the tax authority of the non-compliance of this provision within the time stipulated in the Executive Regulations.

Category Business, Government | 2020/06/29 latest update at 9:00 PM
Source : Muscat Daily | Photocredit : Google
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