Oman imposes various taxes on companies and businesses, each with its own regulations and procedures. Understanding these taxes helps businesses plan effectively and manage financial obligations. Bondoni’s tax registration services provide advisory support to help businesses stay informed about the taxes that may apply. Here’s an overview of key types of taxes in Oman:
Corporate Income Tax
Also known as the corporate tax in Oman, it applies to companies operating locally, excluding SMEs and free zone entities.
Value-Added Tax (VAT)
Standard rate of 5% on most goods and services.
Withholding Tax
Applied to certain payments made to foreign entities.
Municipality Fees
Charged as a percentage of business premises rental.
Social Protection Fund (SPF)
Contributions by employers and employees for social security benefits.
Excise Tax
Levied on specific goods such as tobacco, energy drinks, and carbonated drinks.
Customs Duties
Applied to imported goods.
Bondoni provides practical guidance to help businesses understand these obligations and plan accordingly, as Bondoni’s expert team offers guidance and support with VAT registration in Oman and Oman corporate tax.
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