NARAYAN &  NARAYAN

Return Filing Guide (click here) The Oman Tax Authority (OTA), on 29 June 2021, published on its website guidance to help support...

Introduction The Oman VAT allows more than one company to get VAT registration as a group. The VAT returns and VAT payments are carried...

Introduction On 27 April 2021, the public authority for Special Economic Zones and Free Zones (OPAZ) announced that the Special Economic...

Introduction His Excellency Saud bin Nasser Al Shukaili, Head of the Oman Tax Authority (OTA) issued the VAT executive regulations via...

Introduction This article discusses all the legal points that one needs to know mentioned in the Oman VAT law regarding the Responsible...

Introduction Businesses in Oman with revenues (actual or expected) in excess of 1million OMR can now register for VAT. Businesses...

The Oman Tax Authority (TA) has published three decisions in the Official Gazette Issue 1374 published on 10 January 2021, in preparation...

Introduction The Oman Tax Authority (TA) issued guide on VAT Registration (Arabic only) providing clarity on the VAT registration...

On Monday 12 October 2020, His Majesty, the Sultan of Oman, Sultan Haitham bin Tariq bin Taimur, issued Royal Decree No.121/2020 in...

Overview NBR has published a guide which gives an overview of the VAT rules and procedures in Bahrain in relation to the process of...

The NBR has issued a public clarification (VAT/PC/20/1) on the VAT treatment of repairing goods that are under a warranty. General rule...

The National Bureau for Revenue (NBR) announced that (enterprises subject to VAT) VAT payers, whose annual supplies are less than BD...

Introduction This article describes the record keeping requirements including the type of records to be maintained for VAT purposes...

Introduction One of the immediate requirements for businesses getting registered in Bahrain is to issue a VAT invoice. VAT Invoice in...

Introduction Bahrain VAT is following a phased process whereby entities or individuals within specific annual VATable supply brackets are...

Introduction The taxpayer needs to furnish the details in the return format as prescribed by the National Bureau for Revenue (NBR). The...

On 1st January 2019 Bahrain implemented Value Added Tax (VAT), becoming the third GCC country to do so. At the end of each VAT period,...

The Bahrain Ministry of Finance (“MoF”) has now released the VAT Executive Regulations., following the publication of the Value Added Tax...

The Ministry of Finance (MoF) has announced transitional mandatory registration provisions for residents to be phased in during 2019. The...

In November 2016, the Gulf Cooperation member states agreed and signed a framework agreement for the introduction of Value Added Tax...