Oman: Country-by-country notification deadline extended to 30 April 2021

Oman: Country-by-country notification deadline extended

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.”

1000

Related content

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. 
 

KPMG observation

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 name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained 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.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal