Tax Authority conducts seminar on taxation

Business Monday 04/March/2024 14:15 PM
By: Times News Service
Tax Authority conducts seminar on taxation

Muscat: Following up on the 'Tax Fact' and 'Tax Culture Dissemination' campaigns, the Tax Authority conducted a seminar on taxation at the College of Economics and Political Sciences at Sultan Qaboos University to raise tax awareness among students and educated them about tax laws as future entrepreneurs and economy developers.   

The seminar focused on the taxation system in the Sultanate of Oman including topics like income tax, VAT, excise tax, and the registration process for each. It also touched on tax rates, taxpayers subject to taxes, timely filing of tax returns, some tax terms, and the importance of combating tax evasion.

At the end of the seminar, after discussing students’ questions students, the Tax Authority also presented an introduction to the online portal, which serves as a one-stop shop for all tax activities, including tax registration, return filing, and card issuance.