Oman is set to introduce Value Added Tax (VAT) in early 2021 according to the Ministry of Finance. This is a strategic move as the Sultanate is battling the severe economic repercussions of the recent pandemic and subsequent drop in oil prices.
VAT impacts every wing of your business and warrants a full review of your organization's processes, systems, documentation, compliance, policies, contracts, and pricing. The implementation of VAT in other GCC countries has clearly shown that it requires careful planning and time. Without proper preparation, you might encounter costly errors or inefficiencies.
Now is the best time to start implementing updates based on the existing VAT legislation and the GCC Common VAT Framework Agreement.
This free webinar is the first of many tools from Zoho Books to help you transition smoothly to VAT. CA Pritam Mahure will give you the general outlook about VAT implementation and the impact it will have on your business, and he'll also introduce some foolproof pre-implementation tips to get your business VAT-ready.
In this session, you will learn:
At the end of the session, you can interact with CA Pritam Mahure, and get all your VAT related queries clarified.
Tune in and make sure you gear up your business for VAT.
CA Pritam Mahure has co-authored 10 books on VAT and Indian GST, and he has conducted over 200 tax training sessions around the globe. He is currently working with taxpayers and governments across the world to roll out indirect tax reform projects such as VAT and GST.