A Value Added Tax (VAT) shall probably be introduced in Oman from 2019.
Accounting and bookkeeping is the language of business. The day-to-day transactions of business have their own importance in the books of accounts. Stakeholders and shareholders look at accounting and bookkeeping records to know the valuation of a business. A systematic and well-organized accounting and bookkeeping services will enhance the financial performance of your company.
The government of Oman introduced broad tax changes to the Income Tax Law in 2017. The changes have been aimed at improving tax administration, increasing tax revenue and to encourage small businesses in Oman. The Oman tax changes include:
In accordance with the directives from the Central bank, Tax authority and Capital Market Authority of Oman, International Financial Reporting Standards (IFRS) are required to be followed by all organizations in Oman. The requirements of authorities and IFRS are:
Business Setup Worldwide is a platform that helps business entities to be successful in their business field. We understand the importance of accounting and bookkeeping services to a business in a foreign land. Our accounting and bookkeeping services in Oman include:
One of the most important financial decisions a business can take is to avail accounting and bookkeeping services in Oman. The major benefits of availing these services are:
Business Setup Worldwide is a business consulting firm that helps you to build or expand your business in the international market. Our expert team will assist you in legal procedures, accounting taxation in the business milieu of Oman.
At Business Setup Worldwide, we ensure that you remain focused on your business objectives, while we tend to all the support functions. Our experts can assist you in dealing with the financial norms of a foreign land. We provide a wide range of financial, accounting and audit services in Oman, including preparation of financial reports, accounts payable & receivable, and internal & external audit services.