Value Added Tax

Value Added Tax (VAT)

Location: Crown Plaza, Muscat
Start Date:

12/10/2021 08:00

End Date:

12/10/2021 17:00

Value Added Tax
Value Added Tax (VAT) Practical Master Class


The Oman implemented VAT on 16th April 2021 pursuant to Royal Decree-Law No. 121/2020 and the related Executive Regulations in Decision No. 53/2021. The Oman is one of four GCC countries to implement its VAT legislation. Crowe Oman is conducting a VAT Training workshop on everything you need to know from the Laws to the latest updates. This training workshop includes theoretical and practical sessions.

Who should attend?

This training course will benefit CFO’s, Finance Managers, Internal Auditors, Accountants, IT Managers, Procurement Managers, Managers of Accounts Payable or Accounts Receivable Departments, as well as Finance Professionals interested in developing their understanding of this new legislation.

Learning Objectives

1- VAT Framework

  • History of VAT in GCC
  • What isVAT & how it works
  • Impact of VAT on the business
  • Products and Services Affected by VAT

5- VAT Input Adjustments for

  • Prior Registration Input VAT
  • Input VAT for Businesses Making Taxable and Non-Taxable Supplies
  • Supplies through Agent or Intermediary
  • Profit Margin Scheme

2- VAT Computations

  • VAT Scope for Goods and Services
  • VAT Operations and Calculations
  • Types of VAT Supplies & VAT Treatments (Standard, Zero, Exempt & Out of Scope)

6- VAT Reporting

  • Basic Tax Point and Changes In Tax Point
  • Irrecoverable Debts Relief
  • VAT Input Adjustments
  • Transitional Rules for Contracts

3- VAT Registration & Deregistration

  • VAT Compulsory and Voluntary Registrations
  • Exemptions from VAT Registrations
  • Group Registrations
  • VAT Compulsory and Voluntary Deregistrations

7- VAT Regional and International Effects

  • Imports and Exports

8- VAT Transactions and Documentation

  • VAT Record Keeping Requirements
  • VAT Invoicing Requirements
  • VAT Impact with Credit and Debit Notes

4- VAT Administration

  • VAT Compliance
  • VAT Penalties
  • VAT Appeals

9- VAT Return

  • VAT Return Requirements
  • VAT Return Administration and Correction Procedures




Time Slot

Registration with morning tea

8:00 AM to 8:30 AM

Welcome address

8:30 AM to 9:00 AM

Session 1: Mechanics of VAT

Antony Kallukaran, Associate Partner - Tax

Aastha Rangan, Director – Indirect Taxes

9:30 AM to 10:45 AM

Coffee Break

10:45 AM to 11:00 AM

Session 2: VAT Accounting aspects

Muhammed Faisal, Assistant Manager Tax Advisory Services

11:00 AM to 1:00 PM

Prayer & Lunch Break

1:00 PM to 2:00 PM

Session 3: VAT Compliance (Return filing etc.)

Taysir Al Rawahi, Director - Tax Advisory Services

Muhammed Faisal, Assistant Manager - Tax Advisory Services

2:00 PM to 3:30 PM

Coffee Break

3:30 PM to 3:45 PM

Case studies & Quiz

Aastha Rangan, Director – Indirect Tax

3:45 PM to 5:00 PM


Fee And Registration:

OMR 100+VAT per person – payable with cheque, bank transfer, or cash prior to the event, Seats are limited, and we kindly ask you to register at the earliest. Contact - [email protected] or call on 7200 7123.

Contact Us

Davis Kallukaran
Davis Kallukaran
Managing Partner
Antony Kallukaran
Antony Kallukaran
Associate Partner - Tax Advisory
Aastha Rangan
Aastha Rangan
Director – VAT Services
 Taysir Nasib AL Rawahi
Taysir Nasib AL Rawahi
Director - Tax Services