Oman to launch new tax card system

Muscat: Oman will launch on July 1 a new tax card system that will serve as proof of registration of a taxpayer with the Tax Authority. To cost OMR10, it will be valid for two years from the date of issue.
All ministries, public authorities and institutions, and companies having more than 40 per cent state holding must request the taxpayer to submit a copy of the card when issuing any contracts, or directly undertaking any transaction with the taxpayer.
The chairman of the Tax Authority may impose a fine in the event of failure to obtain the tax card.
Every taxpayer must apply to obtain the tax card when initiating the incorporation or licencing procedures for practicing the activity or registration in the commercial or industrial registry and shall request for renewal upon the end of the validity of the card.
Tax card will replace the tax certificate currently in use at the Authority that is required by some government authorities, except in cases where the tax certificate is requested for the purposes of cancelling a commercial registry, dissolution, merger or liquidation of a company.