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In Oman, the VAT law allows group VAT registration if two or more persons are related or associated with businesses. Here, the tax group will be treated as a taxable person independent from all tax group members. All the members in the tax group will be severally liable for the group’s tax obligations that arise during their membership.
Two or more persons conducting businesses may apply for VAT registration as a tax group. A tax group comprises two or more persons registered with the authorities as a single taxable person subject to fulfilment of conditions prescribed in the Oman VAT law.
|Reverse Charge Mechanism in Oman VAT||Input VAT Deduction in Oman|
To be eligible for VAT Group registration, all of the following conditions need to be fulfilled.
As illustrated above, Mr Abdul is a Director in Rose Trading Ltd and a Partner in A-One Trading Ltd. Mr Rizwan, is a Director of A-One Trading Ltd. Also, Mr Rizwan is a Partner in Rose Trading Ltd.
Therefore, Mr Abdul and Mr Rizwan will be eligible to apply for VAT group registration provided the conditions are fulfilled.
The following are the benefits of VAT Group Registration for the business
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