Oman Value Added Tax - VAT Law and outline Crash course

Free introductory VAT course
Rating: 4.4 out of 5 (17 ratings)
403 students
English
English [Auto]

Understand the principles of VAT and how it operates in the Sultanate of Oman
The impact VAT has on business and transactions.
Compliance and filing obligations for businesses
Responsibilities for businesses, their relationship with Tax Authority and timing of submissions.

Requirements

  • Interest in Finance, accounting or business processes.
  • Tax in Oman
  • Basic Accounting
  • Tax Law
  • Basic understanding of business and transactions

Description

Presented by ex- big PwC/Deloitte VAT consultant from the UK, with over 10 years + experience. Tanweer has first hand knowledge of GCC VAT having been placed in the UAE in 2018 to assist clients in UAE and KSA with VAT implementation. He has a sea of knowledge to be shared for those with little or Zero VAT knowledge.


The goal is to equip the delegate with the main aspect of the Omani VAT Law and its application in Oman. All businesses are impacted by VAT with the majority obliged to register.


The course is a basic introductory course based on the Oman VAT legislation released in October 2020. This Free course will equip the student to be prepared and be able to understand the VAT law in time for the executive regulations. The VAT law has been broken down into small digestible sections to make it easy to understand with beautifully designed infographics.


If you have an interest in working in Oman or are currently employed in a finance role or wish to become a VAT expert for your company then online VAT training is the most affordable way of achieving an expertise in this field and reaching new career heights.


If you have an interest in working in Oman or are currently employed in a finance role or wish to become a VAT expert for your company then online VAT training is the most affordable way of achieving an expertise in this field and reaching new career heights.

Who this course is for:

  • Business owners
  • Tax managers
  • Accountants
  • Global VAT practitioners
  • Finance and Accounts payable
  • Procurement and sales professionals
  • Students
  • Finance officer

Course content

1 section13 lectures40m total length
  • Title
    00:54
  • Introduction
    02:56
  • Why VAT is Important?
    06:39
  • Vat rates and Output Tax
    03:59
  • Input VAT
    03:20
  • Vat compliance
    05:24
  • Penalties
    02:18
  • Place of supply
    03:36
  • Date of supply
    02:09
  • Vat flow and example
    02:34
  • Transitional VAT provisions
    04:16
  • Exise Taxes
    02:23
  • Outro
    00:17

Instructor

Big4 Trained VAT adviser- 10 yrs experience in UK, now UAE
Tanweer Sheikh
  • 4.4 Instructor Rating
  • 110 Reviews
  • 680 Students
  • 3 Courses

Tanweer began his VAT career with PwC in 2007 where he joined the Indirect tax team in financial services and qualified as a chartered Accountant (ACA). He later joined Deloitte in London specialising in Financial services VAT and Islamic Finance.

Since 2013, Tanweer has been working as an in-house VAT specialist for various multi-corporate organisations covering insurance, Energy, Real Estate and commodities. His responsibilities have ranged from providing internal VAT advice, managing UK and global VAT compliance as well as consulting on VAT systems.