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- Majan building , Opposite CSK cafe ,Ghala,Muscat Governorate,Sultanate of Oman
Beyond Advice: Crafting Financial Futures, One Step at a Time.
In the dynamic business environment of Oman, effective tax planning and compliance are essential for both businesses and individuals. Tax advisory refers to professional services that assist individuals and businesses in planning and managing their tax obligations. At Al Mawaleh, we provide comprehensive tax advisory services in Oman, helping clients navigate the complexities of local tax laws, optimize their tax strategies, and ensure full compliance with Omani regulations.Â
In Oman, tax advisory services are particularly valuable as businesses navigate through complex regulations and ever-changing tax laws. Expert tax advice can help individuals and companies in Oman structure their financial affairs to reduce their tax burdens, maintain compliance, and optimize their tax strategies.
Oman’s tax landscape has evolved significantly in recent years, particularly with the introduction of VAT and the increased emphasis on compliance with international tax standards. These changes, alongside shifting global tax practices, make it crucial for businesses to stay up-to-date with regulations and ensure that their tax strategies align with local laws. Al Mawaleh tax advisory helps businesses and individuals in Oman adapt to these changes, offering proactive solutions to minimize liabilities and improve financial performance.
Al Mawaleh offers various tax advisory services. Our team of tax experts works closely with clients to create customized strategies that meet their specific needs.
Oman Tax Authority (OTA)
The OTA is the primary body administering all taxes in Oman, including corporate income tax, VAT, withholding tax, and excise tax. The Oman Tax Authority’s key functions include tax assessment and collection, audits and investigations to monitor compliance and prevent tax evasion, and digital tax services managing electronic filings and VAT submissions. Al Mawaleh maintains an active working relationship with the OTA on behalf of clients across all tax types.
Corporate Income Tax Framework
Most companies operating in Oman are subject to a flat 15% corporate tax, with a reduced rate for qualifying SMEs. The OTA requires businesses to file annual tax returns within six months of the financial year-end. Al Mawaleh’s tax consultancy services ensure every client meets this deadline with a correctly prepared and fully supported tax return.
VAT Framework
VAT was introduced in Oman on 16 April 2021 under Royal Decree No. 121/2020 at a standard rate of 5%. The Oman Tax Authority requires businesses to maintain VAT records for at least 10 years to ensure compliance and facilitate tax audits, including VAT invoices for all taxable transactions and credit and debit notes related to adjustments.
Pillar Two and Global Minimum Tax
On 31 December 2024, Oman announced the implementation of a minimum Top-up Tax of 15% on Multinational Groups in line with GloBE rules to combat base erosion and profit shifting, applying to MNEs with revenues exceeding EUR 750 million annually. Al Mawaleh advises affected groups on their obligations as the OTA issues executive regulations to implement the framework.
Personal Income Tax (Effective 2028)
In June 2025, Oman issued a Royal Decree introducing personal income tax set to take effect on January 1, 2028, imposing a 5% flat tax on individuals earning more than OMR 42,000 annually. Al Mawaleh advises businesses on the payroll implications and withholding obligations that will arise from this development ahead of the implementation date.
Minimizing Tax Liabilities: Effective tax planning in Oman enables businesses to identify opportunities for tax savings and reduce their overall tax liabilities. By developing a strategic tax plan, businesses can ensure they are maximizing deductions and taking full advantage of available tax credits.
Ensuring Compliance with Omani Tax Laws: The Omani tax system is becoming more complex, and staying compliant is essential to avoid penalties. Our expert tax advisory services in Oman help businesses adhere to tax regulations, ensuring timely and accurate tax filings.
Enhancing Business Efficiency: By incorporating effective tax strategies, businesses can optimize their operations, improve cash flow, and allocate resources more efficiently. Our tax advisors work with clients to develop tailored solutions that improve financial management and contribute to business growth.
Preparing for Tax Audits and Investigations: A tax audit can be a stressful and time-consuming process. Our team provides support in preparing for audits, ensuring businesses have accurate and transparent tax records and can effectively manage any scrutiny from the Omani Tax Authority.
Navigating the Omani Tax System: Oman’s tax system can be complex, with various regulations covering corporate taxes, VAT, withholding taxes, and more. Businesses must stay informed to avoid costly mistakes. Our team provides guidance on navigating the system, ensuring compliance and efficient tax management.
Changes in Tax Legislation and Compliance Requirements: Tax laws in Oman are continually evolving, and businesses must stay ahead of changes to maintain compliance. Our tax advisors help businesses adjust to new regulations, including recent VAT changes, and ensure that their tax strategies align with the latest requirements.
Managing Cross-Border Tax Issues: For businesses operating internationally, managing cross-border tax issues can be challenging. We assist with international tax planning in Oman, helping businesses minimize double taxation and adhere to international tax treaties.
Optimizing VAT and Indirect Taxes: VAT compliance is one of the most common challenges businesses face in Oman. Our VAT advisory services provide businesses with expert guidance on VAT registration, invoicing, and reporting to ensure compliance and optimize VAT management.
Initial Consultation and Assessment:
Our tax advisor begins by conducting an initial consultation to understand your unique tax situation. Then, our team performs a thorough assessment of your business structure, financial goals, and tax requirements.
Tax Strategy Development:
Based on the assessment, we develop a customized tax strategy designed to optimize your tax position. This strategy takes into account local tax laws, your business needs, and future financial goals.
Implementation and Optimization:
Once the strategy is developed, we assist in implementing the plan and continuously monitor your tax situation to adapt to any changes in tax laws or financial circumstances.
Ongoing Support and Compliance:
Our team offers ongoing support to ensure that your tax strategies remain effective and that you stay compliant with all local regulations. We handle tax filings, reporting, and any necessary adjustments to your strategy.
Expertise and Local Knowledge: At Al Mawaleh, we pride ourselves on our deep understanding of Omani tax laws and regulations. Our team stays updated with the latest changes to ensure that your business is always compliant and optimizing its tax strategies.
Tailored Tax Solutions for Your Business: Every business is unique, and we understand that. Our tax advisory services in Oman are fully customized to meet your specific needs, ensuring that you get the best possible results.
Proven Track Record of Success: We have a proven track record of helping businesses across Oman optimize their tax strategies and achieve significant tax savings. Our clients rely on us for transparent, reliable, and ethical tax advice.
Commitment to Integrity and Transparency: Integrity and transparency are at the core of our services. We believe in providing clear, honest advice that helps you make informed decisions about your tax strategy
Oman’s tax environment is becoming more demanding every year. New taxes, updated regulations, and a strengthening OTA enforcement posture mean that businesses without dedicated tax expertise are carrying growing compliance risk with every passing quarter. Al Mawaleh’s tax advisory services give businesses across Oman the professional guidance, compliance accuracy, and strategic tax expertise needed to meet every obligation confidently and plan every decision wisely.
Tax advisory service costs in Oman vary based on business size, number of applicable taxes, and scope of compliance required. Al Mawaleh provides detailed, transparent proposals covering corporate tax, VAT, and withholding tax management before any engagement begins.
Al Mawaleh provides tax consultancy services specifically structured for small and medium businesses in Oman, covering corporate tax return preparation, VAT filing, and Oman Tax Authority compliance at competitive, clearly scoped pricing.
Al Mawaleh provides experienced tax consultants in Oman handling complete corporate tax return preparation, taxable income computation, and OTA portal filing within the six-month deadline required for all registered businesses in the Sultanate.
Yes. Al Mawaleh’s tax advisors identify all allowable deductions, applicable exemptions, free zone incentives, and double tax treaty benefits that legitimately reduce your effective tax burden within the full scope of Oman’s tax laws.
Al Mawaleh manages complete withholding tax compliance in Oman, assessing every non-resident supplier payment for WHT applicability, remitting to the OTA within the 14-day deadline, and applying available treaty reductions to minimize your withholding tax obligation.
Al Mawaleh is a leading financial consultant company in Oman, delivering expert accounting services, professional auditors, and trusted financial solutions advisor support for businesses through top financial consulting firms expertise.