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Audit firms in Oman to follow international standards
The Executive President of the Financial Services Authority (FSA) in Oman has issued a circular to accounting and audit firms, emphasizing the importance of adhering to international auditing standards. The circular mandates that audit reports must be signed by the owner, a partner, or a duly authorized manager, as per the law regulating the accounting…
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Corporate Income Tax (CIT) Oman
Source: (1) tradecouncil.org (2) taxsummaries.pwc.com (3) expatfocus.com (4) Images by FreePik
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Value Added Tax (VAT) Oman
The Sultanate of Oman implemented VAT on 16th April 2021 following Royal Decree no. 121/2020. Here are the key points: Source: (1) cleartax.com (2) Images by FreePik
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Announcement
Announcement: Issuance of License for AZ & Chartered Accountants We are thrilled to announce that AZ & Chartered Accountants, a business under Abdullah Zeeshan Enterprises, has been granted its official license as Financial Consultancy firm in the Sultanate of Oman. Our comprehensive suite of services includes: Taxation: Expert guidance on tax planning, optimization, and compliance.…
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Personal Income Tax (PIT) Oman
Certainly! The issue of imposing personal income tax in Oman is not new; it was initially raised in 2020 as part of the country’s economic development plan for 2020-2024. Although a decision to implement this tax was anticipated in 2022, it was postponed due to the pandemic. Now, there is renewed talk of imminent action,…
About Us
We are a registered Financial Consultancy firm in the Sultanate of Oman, comprising a team of finance professionals with extensive experience in their respective fields and a deep understanding of the Omani market and other jurisdictions.