Acting in response to the Omani government’s directive to curb the impact of the pandemic, the Tax Institution undertook a number of procedures to mitigate the toll on the financial position of establishments governed by the tax system.
The procedures seek to assist tax payers affected by the pandemic and meet their obligations in a manner that spares them the penalties stated in the Income Tax Law.
In case disclosures cannot be submitted on the fixed dates, the disclosures can be submitted and their tax paid within a period not exceeding three months from its date. In this case the prescribed delay fines and penalties shall be waived.
The procedures also include the deduction of donations (proved to have been paid to combat COVID-19) within the Taxation Year 2020 – for taxable income – in accordance with the rules set in the Tax Law and its Executive Regulation.
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