Country-by-country (CbC) rules (introduced in Oman in September 2020) include a requirement that all tax resident entities in Oman must file a CbC notification on or before the last date of the reporting fiscal year after satisfying certain conditions as “qualifying tax resident entities.”
Under the CbC rules, all qualifying tax resident entities in Oman with a reporting fiscal year ending on 31 December were required to file the CbC notification on or before 31 December 2020. That date has been extended by four months in response to the implications of the coronavirus (COVID-19) pandemic on the business sector.
The extended due date for filing the CbC notification is 30 April 2021.
There is no extension for CbC reporting—which is still due within 12 months from the end of the reporting fiscal year.
Read a December 2020 report prepared by the KPMG member firm in Oman
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.