Oman Vat – Master The Principles And Application –2024

What you'll learn
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.
Basic Accounting
Tax Law
Basic understanding of business and transactions
Tax in Oman
Description
Discover everything you need to master Oman VAT law with our 2024 course, specifically designed for accountants, tax professionals, and business owners. This course offers a comprehensive overview of the key principles and practical applications of Oman VAT, including the place of supply, input and output VAT, exemptions, and up-to-date compliance requirements.Learn step-by-step how to register for VAT, manage VAT returns, and handle intricate tax scenarios with confidence. Through detailed lessons and practical examples, you will gain an in-depth understanding of the various aspects of VAT, ensuring you can apply this knowledge in real-life business situations.The course also covers critical updates and recent changes in VAT regulations to keep you informed and compliant. With expert-led instruction, you'll have the tools to optimize your tax processes, avoid common pitfalls, and effectively support your business or clients in meeting their VAT obligations.Whether you're looking to enhance your professional tax expertise or need clear guidance to ensure your business remains VAT compliant, this course will provide the essential insights and knowledge to succeed in Oman's evolving tax environment. Enroll now to gain a competitive edge and confidently navigate the complexities of VAT compliance.Join now to stay updated and maintain an edge in Oman's evolving tax landscape.
Overview
Section 1: VAT Registration
Lecture 1 Calculation
Lecture 2 Process
Lecture 3 Vat registration threshhold
Lecture 4 How to Register
Lecture 5 Example
Lecture 6 Voluntary Registration
Section 2: Introduction
Lecture 7 Introduction
Lecture 8 Overview
Lecture 9 The case for Oman
Section 3: Input Tax
Lecture 10 Non-Recoverable input tax
Lecture 11 Non-Recoverable input tax 2
Lecture 12 Non-Recoverable input tax 3
Lecture 13 Lecture 2: Non-Recoverable input tax 4
Lecture 14 Non-Recoverable input tax 5
Lecture 15 Overview
Lecture 16 Recovering input tax
Lecture 17 Types of Input VAT
Section 4: E-commerce
Lecture 18 Ecommerce
Section 5: Financial Services
Lecture 19 Intro
Lecture 20 VAT categories
Lecture 21 Vat treatment
Lecture 22 Vat ratings more
Lecture 23 Composite supplies
Lecture 24 Supplies to Non-Residents
Lecture 25 Islamic Finance intro
Lecture 26 Islamic Finance intro
Section 6: Place of Supply
Lecture 27 Intro
Lecture 28 Domestic Supplies
Lecture 29 Import
Lecture 30 Import and GGC transfer
Lecture 31 Export Supplies
Lecture 32 Types of Exports
Lecture 33 B2B Exports to GCC
Lecture 34 B2C Exports to GCC
Lecture 35 Specific Rules: Real Estate/Passenger Transport
Lecture 36 Specific Rules: Entertainment and Sports
Lecture 37 Specific Rules: Telecoms and Broadcasting / Means of Transport
Lecture 38 Specific Rules: Restaurant and Catering / Servicing of Goods/installation
Section 7: VAT Grouping
Lecture 39 Definition
Lecture 40 VAT groups Partnerships
Lecture 41 VAT group: Example 1
Lecture 42 VAT group: Example 2
Lecture 43 VAT group: Example 3
Lecture 44 VAT group: Pros and Cons
Lecture 45 VAT group: Effect
Section 8: OutPut Tax
Lecture 46 VAT rates
Section 9: Deemed Supplies
Lecture 47 Gifts
Lecture 48 Example
Section 10: Time of Supply
Lecture 49 Date of supply definition
Lecture 50 Basic Tax point
Lecture 51 Special Tax point
Lecture 52 Working out Date of supply- flowchart
Lecture 53 Examples
Lecture 54 Continuous Supplies
Lecture 55 Continuous Supplies Flowchart
Lecture 56 Continuous supplies Definition
Business owners,Tax managers,Accountants,Global VAT practitioners,Finance and Accounts payable,Procurement and sales professionals,Students,Finance officer
Homepage

https://www.udemy.com/course/oman-vat/

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