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Oman: Postponed deadlines for tax returns, tax payments (COVID-19)

Oman: Postponed deadlines for tax returns, tax payments

The tax authority on 8 July 2020 announced certain additional tax relief measures, including postponed due dates for filing tax returns and remitting tax payments—relief offered in response to the coronavirus (COVID-19) pandemic.

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The tax relief effectively postpones until 30 September 2020, tax returns for the year ended 31 December 2019. In fact, the relief provides for the following:

  • Penalties related to a failure to comply with the due dates for filing tax returns, both provisional and final, along with the annual audited accounts for the year ended 31 December 2019
  • Additions to tax (1% per month) triggered by non-payment of income tax for the tax year ended 31 December 2019
  • Additions to tax (1% per month) from 1 January 2020 to 30 September 2020 for non-payment of income tax due for tax years ended prior to 31 December 2019

In addition, the tax authority’s measures:

  • Provide a nine-month extension of the due date for the payment of taxes and suspension of the addition to tax (1% per month) for taxpayers with a tax year ending after 31 December 2019—the deadline for the payment of taxes therefore has effectively been extended by nine months, although no specific suspension of penalties has been granted similar to the returns for the year ended 31 December 2019.
  • Allow installments of tax payments for the year ended 31 December 2019 with the possibility of no addition to tax (1% per month) based on the facts and circumstances of each situation.
  • Provide for the rescheduling of previously approved tax installment plans for prior tax years with the possibility of no addition to tax (1% per month), based on facts and circumstances of each situation.
  • Allow a stay of demand requests until the conclusion of objections, even if such a request is made after the statutory period of 30 days from the date of the filing of the objection.
  • Allow additional time for submission of details and information during assessment and objection proceedings. If additional time is granted by the tax authority, the time frame as specified by the income tax law for completion of assessment proceedings or for the tax authority’s objection will be extended by such additional time granted.

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