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VAT Implementation in Oman – VAT Implementation Services

VAT Implementation in Oman

VAT Implementation in Oman would be mandatory effective from April 2021 following Royal Decree No. 121/2020.  
The Oman country will apply VAT at the standard rate of 5%. Oman becomes the fourth Gulf Cooperation Council (GCC) member state to implement VAT, following the UAE, Kingdom of Saudi Arabia and Bahrain. 
Businesses whose taxable supplies’ value exceeds the mandatory threshold will need to register for VAT with the Oman Tax Authority (OTA). Both mandatory and voluntary VAT registration threshold amounts should be released shortly

Get your Microsoft Dynamics System VAT Compliant

Trident is Gold Certified Microsoft Dynamics 365 Partner, We are offering VAT Implementation services for D365 & Business Central. Trident is offering VAT Implementation, Support & Training at reasonable prices.

VAT Impact on Businesses

  • IT Systems to be updated to record and report VAT compliances.
  • Financial Accounting to be rebuild to meet Vat requirements.
  • Supply Chain process to reassessed.
  • Legal contracts to be redrafted to meet compliance requirement.
  • Other considerations like cash flow, product pricing, etc.
  • Compliance to VAT payment and returns filing requirement

VAT Implementation Plan

If you are looking to achieve the best compliance across your VAT administration, then we can serve as a best partner to you for VAT Consultancy. Our consulting services will include strategic tasks where we will try to evaluate the best VAT system design, configuration options and third party tax reports to audit your existing environment and identity all the financial risk you are exposed to.

ERP Risk Consultation

Is your ERP VAT Compliant? The impact of the taxes should be administered accurately in the Microsoft ERP system to avoid compliance risks. The compliance risks such as The new business structure : 

  • Changes in tax administrations
  • Changes in logistics flow
  • Legislation changes

ERP Migrations and Implementations

We will recommend you focused risk review and consultation of VAT in your Microsoft ERP system that will give practical visibility of how to address these risks. 

VAT impact Assessment 

  • Business & Process Understanding and the understanding of the current IT Systems
  • Assess VAT impact on processes

IT & Process Implementation

  • IT Implementation – Design, configuration, training, testing and Go Live Activities
  • Standard reporting changes as per the VAT guidelines

Ongoing Support Post Go-Live

  • IT Implementation – Design, configuration, training, testing and Go Live Activities
  • System Support VAX return filing

Request for free assessment for VAT Implementation, write us to info@tridentinfo.com