Doing Business in Oman - RSM International
Doing Business in Oman - RSM International
Doing Business in Oman - RSM International
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4.10 Due date of tax returns fil<strong>in</strong>g and payments<br />
Every tax payer has to file provisional and f<strong>in</strong>al <strong>in</strong>come tax returns for a tax year. The<br />
returns have to be filed at Secretariat General of Taxation <strong>in</strong> prescribed forms. The return<br />
should reflect the amount of taxable <strong>in</strong>come for that year and the tax due and payable for<br />
the year. The tax is due for payment with<strong>in</strong> three months from the end of the relevant<br />
year.<br />
Provisional return of <strong>in</strong>come<br />
This return must be filed with<strong>in</strong> three months of the end of the f<strong>in</strong>ancial year along with the<br />
payment of tax.<br />
Annual return of <strong>in</strong>come<br />
This return must be filed with<strong>in</strong> six months of the end of the f<strong>in</strong>ancial year, along with the<br />
payment of balance tax due if any.<br />
4.11 Indirect taxes<br />
Custom duty<br />
Customs duty at a flat rate of 5% is levied on the CIF value of all imported goods, except<br />
for essential consumer goods, which are exempt. Customs duty is levied at a rate of<br />
100% on alcoholic beverages, tobacco and derivative products. On meat and meat<br />
products custom duty is at 20%.<br />
The classification of items for the purpose of determ<strong>in</strong><strong>in</strong>g the custom duty is amended<br />
from time to time by M<strong>in</strong>isterial decisions.<br />
Other taxes<br />
Municipal tax is levied @ 5% on hotel <strong>in</strong>come, 3% on property rents, 10% on leisure and<br />
c<strong>in</strong>ema <strong>in</strong>come and 2% on electricity bills exceed<strong>in</strong>g RO. 50 per month. Tourism levy of<br />
4% is charged on hotel <strong>in</strong>come.<br />
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